Property summary
This exceptional investment opportunity presents a ±15,000 square foot building situated on a 0.84-acre lot in Vista, California. The property is currently leased to US Bank, the fifth largest bank in the US by assets, under an absolute NNN ground lease with approximately 14.3 years remaining. The lease includes five, five-year options to extend, each with a 15% rent increase; the final two options are at fair market value (FMV), but no less than a 15% increase. This strategically located property enjoys high visibility and traffic counts, being just one block from State Route 78 at Vista Village Drive, experiencing approximately 36,082 cars per day. The asking price is $4,275,356, representing a compelling 4.50% cap rate. At the lease's end, all improvements revert to the landlord. Built in 2005, this bank building offers a secure, long-term investment with significant upside potential due to the lease terms and prime location in the thriving North County San Diego market. The property's address is 245 Vista Village Dr, Vista, CA 92083. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and a substantial remaining lease term.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Loan Service
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Atm
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Loan Service Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Vista, CAZoning
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Zoning designation
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