2000 Geer Rd - Bank FOR SALE


Turlock, CA 95382- Chemurgic | 
$2,179,000 USD
209-648-5867
2000 Geer Rd, Turlock, CA for Sale
$2,179,000 USD
Bank - FOR SALE
1/13
null | 5.73% Cap Rate

2000 Geer Rd
Turlock, CA 95382
Chemurgic


HIGHLIGHTS

  • Heavy Day Time Traffic
  • Extra Large Lot
  • Drive Thru ATM
  • Long Standing History
  • True NNN Lease
  • Two(2), Five (5) year options

OVERVIEW

An excellent opportunity to acquire a single-tenant, triple-net investment property occupied by Citi Bank, a nationally recognized financial institution. Strategically located along Geer Road in Turlock, this ±4,243-square-foot property offers investors an attractive combination of established tenancy, contractual rent growth, and a true NNN lease structure designed to provide a highly passive ownership experience. The property is currently leased to Citi Bank, with the tenant responsible for property taxes, insurance, maintenance, and utilities, significantly limiting the landlord's ongoing operating responsibilities. The lease provides 1.5% annual contractual rent increases, creating predictable income growth throughout the current lease term. In addition, the tenant has two five-year renewal options, providing the potential for continued long-term occupancy. For 2026, the property generates $124,950.95 in annual rent, or $10,412.58 per month, with scheduled annual increases to $126,825.21 in 2027, $128,727.59 in 2028, and $130,658.50 in 2029. The offering is presented at $2,179,000, representing a proposed 6.2% cap rate based on the stated 2026 income.

FOR SALE DETAILS

PRICE

$2,179,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

5.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

072-26-76

ASK ABOUT THIS PROPERTY

Bryan SaintC21 Select GroupMore Info
209-648-5867

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Bryan SaintC21 Select GroupMore Info
209-648-5867

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