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1050 W 6th St
Corona, CA 92882 Corona

$3,790,000 USD

Bank For Sale  •  5,936 SF

Property Details

  • Property Type Bank
  • Total Building Size 5,936 SF
  • Lot Size 0.65 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 5.75 %
  • Tenancy Single
  • Zoning C-3
34 Transit Score
80 Walk Score

Highlights

Continuously operated as a bank since July 1995 (initially Foothill Independent Bank), with a separate drive-thru ATM
The lease includes rare 3% fixed rental increases, along with a fair market value option
Current rent is $218,069/yr (˜ $3.06/SF/Mo NNN), versus an estimated market $4.50–$5.00/SF/Mo NNN for a retail user leveraging the drive-thru
Banc of California’s branch benefits from a strong and growing deposit base of over $990,000,000

Property Flyers

Cap Rate: 5.75 %

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
North Main Corona (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.5 mi
West Corona (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 2.4 mi
AirportDriveWalkDistance
Ontario International 24 min - 16.9 mi
John Wayne/Orange County 34 min - 27.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Pablo Rodriguez 760-610-3147 CBRE
Pablo Rodriguez 760-610-3147 CBRE