CBBR is preased to exclusively offer for sale a free standing property NNN leased to JPMorgan Chase Bank N.A (S&P Credit Rating: A). This porperty is outparcel to busy shopping center, Morningside Marketplace located at high traffic area (Traffic counts in execss of 50,000 cars at Cherry Ave. & Baseline Ave) adjacent to the I-5 and 210 freeway. Tenant just extended lease term (about 6.5 years remaining with 2 x 5 years options to renew. 6.4% rent increase on 2/1/2027 and 10% rent increase at start of each option (2/1/2032 & 2/1/2037). This bank branch boasts an impressive deposit base of approximately 200 million as of June, 2024.
* Please contact listing agent (James Kwon, Coldwell Banker Best Realty, Cell: 949-246-0759, Email: jikwon99@yahoo.com) if you have any questions.