521 Bidwell St, Folsom, CA 95630-3118
- Banks
- 0.97 lot acres
Current Use by Public Records
- U.S. Bancorp Investments - Financial Advisors: Anjalise Ahyen / Financial Advisor
- U.S. Bank Branch / Bank / Loan Service
- U.S. Bank ATM - Folsom / Atm / Bank
- US Bank Mortgage / Loan Service / Bank
- U.S. Bancorp Investments - Financial Advisors: Dan Needler / Financial Advisor
Property Details for 521 Bidwell St
- Lot size
- 0.97 lot acres
- Zone code
- C-2
- Property type
- Banks
- APN
- 071-0440-015-0000
- APU
- 7104400150000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2020 | — | Davis Family Ents LLC | Separate Prop T Har2010 | Quit Claim Deed · related | — |
| Oct 15, 2020 | — | Hardi 2010 Separate Prop Trust | Davis Ozzie Family Trust | Quit Claim Deed · related | — |
| Dec 26, 2018 | — | Davis Survivors Trus Velia E | Davis Enterprises LLC | Quit Claim Deed · related | — |
| Nov 13, 2008 | — | Davis Ents LLC | Davis Ozzie Family Trust | Quit Claim Deed | — |
| Apr 30, 1997 | $800,000 | Davis Trust | Us Bank Of California | Grant Deed | — |
| Dec 20, 1996 | — | Us Bank Of California | Pacific Southwest Realty Co | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a fee-simple interest in a Class A, 6,160 square foot US Bank branch located at 521 E Bidwell St, Folsom, CA 95630. The property sits on a 1.33-acre lot, boasting a highly visible, hard-corner location with over 28,200 vehicles passing daily. This is the only US Bank branch in Folsom, equipped with a drive-thru for added convenience. The property is subject to an absolute triple-net lease with US Bank National Association (S&P rated A), providing a strong, credit-rated tenant. The current lease expires April 30, 2029, with two five-year renewal options. The asking price is $3,825,000, representing a price per square foot of $620.94 and a 5.25% cap rate based on a net operating income (NOI) of $200,796. A 10% rental rate increase is scheduled for May 2025. Folsom's demographics are exceptional, with average household incomes exceeding $109,000 within a three-mile radius. E. Bidwell Street serves as Folsom's primary retail artery, connecting to US Highway 50, ensuring high traffic and visibility. The substantial deposit base of over $182 million (as of June 2023, per FDIC data) further strengthens this investment's appeal. Buyer to verify lot size.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Folsom
- County
- Sacramento
- State
- California
- Longitude
- -121.165
- Latitude
- 38.6726
- CBSA code
- 40900
- CBSA name
- SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA
