Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in an 8,000SqFt Single Tenant Drive Thru building
leased to U.S. Bank, located at the signalized intersection of Sunrise Boulevard at Greenback Lane, Citrus Heights, California.
The Property is subject to a long-term Lease originating in 1971 and recently extended an additional Ten (10) year firm term reflecting the
Tenant’s continued long-term commitment to the location. The Lease extends through December 31, 2035, with Four (4) five-year options.
The Lease provides contractual annual rent increases equal to the greater of CPI or 4%, providing a built-in hedge against inflation and
supporting long-term income growth. Rental income increases from $582,947 in 2026 to $829,715 in 2035. The Lease is an absolute triple-net
structure with zero landlord responsibilities and is backed by a corporate guarantee from U.S. Bancorp (Operating as U.S. Bank).
The location demonstrates strong bank operating performance, ranking in the top 93rd percentile nationwide by Placer.ai, with over
$264 million in total deposits, supporting long-term tenant viability and reinforcing the location’s importance within the tenant’s branch
network.
The Property is part of a Reciprocal Easement Agreement to the Sunrise Tomorrow Specific Plan, a long-term mixed-use
redevelopment initiative encompassing the Sunrise Mall trade area. The plan envisions a transformational redevelopment featuring housing,
hospitality, retail, entertainment, office, and community-oriented uses designed to revitalize the corridor into a regional destination.
As part of the redevelopment initiative, the City of Citrus Heights recently announced plans for the proposed Sunrise Sports Center,
a 160,000SqFt regional sports and entertainment complex envisioned as a catalyst project for the broader Sunrise redevelopment area.
Current plans include a 4,000-seat arena, NHL-sized ice sheets, indoor and outdoor sports facilities, restaurants, and entertainment-oriented
uses expected to drive additional consumer traffic and long-term investment throughout the immediate area.