Single Tenant Absolute NNN Citibank in prime southern california location with Drive-Thru and safe deposit box. Near signalized intersection with other banks: Bank of America, Wells Fargo Bank, Chase Bank and Union Bank.
10 year lease extension executed by Citibank in 2014.
1.5% annual increase.
Strong deposit of $87 million.
Current Net Income, $146,976, is pro forma as of Jan. 18, 2018.
Net Income at Start of Option 1 $160,719.
Net Income at End of Option 1 $170,581.
Lease Term 10 Years.
Rental Increases 1.5% Annually.
Expiration January 30, 2024.
Options Four, Five Year Renewal Options.
NNN No Landlord Responsibilities.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.