For Sale
$3,825,000

521 Bidwell StFolsom, CA 95630

Prime Retail Bank, 5.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a Class A, 6,160 square foot US Bank branch located at 521 E Bidwell St, Folsom, CA 95630. The property sits on a 1.33-acre lot, boasting a highly visible, hard-corner location with over 28,200 vehicles passing daily. This is the only US Bank branch in Folsom, equipped with a drive-thru for added convenience. The property is subject to an absolute triple-net lease with US Bank National Association (S&P rated A), providing a strong, credit-rated tenant. The current lease expires April 30, 2029, with two five-year renewal options. The asking price is $3,825,000, representing a price per square foot of $620.94 and a 5.25% cap rate based on a net operating income (NOI) of $200,796. A 10% rental rate increase is scheduled for May 2025. Folsom's demographics are exceptional, with average household incomes exceeding $109,000 within a three-mile radius. E. Bidwell Street serves as Folsom's primary retail artery, connecting to US Highway 50, ensuring high traffic and visibility. The substantial deposit base of over $182 million (as of June 2023, per FDIC data) further strengthens this investment's appeal. Buyer to verify lot size.

Highlights

  • Absolute triple-net lease with U.S. Bank National Association (S&P rated A).
  • Strong deposit base exceeding $182 million (June 2023 FDIC data).
  • 10% rent increase scheduled for May 2025.
  • High-visibility, hard-corner location with over 28,200 vehicles per day.
  • Sole U.S. Bank branch in Folsom, featuring a drive-thru.
  • Approx. 1.33-acre lot (buyer to verify).

Property Details for 521 Bidwell St

Property type
Retail properties, Banks
Square Feet
6,160 SF
Class
A
Buildings
1
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Folsom
County
Sacramento
State
California
Latitude
38.6725856
Longitude
-121.164288
521 Bidwell St, Folsom, California

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521 Bidwell St
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