14518 Baseline Ave - Bank FOR SALE


Fontana, CA 92336- Bellgrove/Morningstone
$3,009,000 USD
949-246-0759
14518 Baseline Ave, Fontana, CA for Sale
$3,009,000 USD
Bank - FOR SALE
1/7
null | 5.25% Cap Rate

14518 Baseline Ave
Fontana, CA 92336
Bellgrove/Morningstone


HIGHLIGHTS

  • Pride of ownership asset - Leased to JPMorgan Chase Bank N.A (S&P Credit Rating:A)
  • Absolute NNN lease
  • Free standing building located at the enterance to busy shopping center, Mornigside Marketplace.
  • Just extended lease term - about 6.5 years remaining with 2 x 5 years options to renew
  • Traffic counts in execss of 50,000 cars at Cherry Ave. & Baseline Ave. Adjacent to the I-5 and 210 freeway.
  • Branch deposits as of 6/30/2024 are approximately $200 million.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,009,000 USD

PRICE/SF

$716 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,115 SF

ZONING

C-2

APN/PARCEL ID

0228-101-37

ASK ABOUT THIS PROPERTY

James KwonColdwell Banker Best RealtyMore Info
949-246-0759

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James KwonColdwell Banker Best RealtyMore Info
949-246-0759

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.