For Sale
$4,275,356

245 Vista Village Dr Vista, CA 92083

US Bank, 14+ year lease, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a ±15,000 square foot building situated on a 0.84-acre lot in Vista, California. The property is currently leased to US Bank, the fifth largest bank in the US by assets, under an absolute NNN ground lease with approximately 14.3 years remaining. The lease includes five, five-year options to extend, each with a 15% rent increase; the final two options are at fair market value (FMV), but no less than a 15% increase. This strategically located property enjoys high visibility and traffic counts, being just one block from State Route 78 at Vista Village Drive, experiencing approximately 36,082 cars per day. The asking price is $4,275,356, representing a compelling 4.50% cap rate. At the lease's end, all improvements revert to the landlord. Built in 2005, this bank building offers a secure, long-term investment with significant upside potential due to the lease terms and prime location in the thriving North County San Diego market. The property's address is 245 Vista Village Dr, Vista, CA 92083. This is a rare opportunity to acquire a high-quality, income-producing asset with a strong tenant and a substantial remaining lease term.

Highlights

  • $4,275,356 asking price.
  • 4.50% cap rate.
  • Approximately 14.3 years remaining lease term.
  • ±5,000 SF building on a 0.84-acre lot.
  • Five, 5-year lease options remain, with 15% rent increases; final two options at fair market value (FMV), but no less than 15% increase.
  • Absolute NNN ground lease.

Property Details for 245 Vista Village Dr

Property type
Retail properties, Office properties
Year Built
2005

Location Insight

City
Vista
County
San Diego
State
California
Latitude
33.1967946
Longitude
-117.2482393

FAQs

What type of property is this?
Retail property - US Bank, 14+ year lease, strong cap rate.
Where is the retail property located?
The property is located at 245 Vista Village Dr Vista, CA.
What is the asking price?
The asking price for this property is $4,275,356.
What are key features of this property?
This property features: $4,275,356 asking price.; 4.50% cap rate.; Approximately 14.3 years remaining lease term.
How can I contact the broker?
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245 Vista Village Dr
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