US Bank - Net Lease Property for Sale
Palm Springs, CA
Key Investment Metrics
Price
$3,798,083
Cap Rate
6.0%
Net Operating Income
$255,885
Building Size
8214 SF
Lot Size
8,214 SF
Land Area
1.4 Acres
Remaining Term
4 years
Lease Expiration
05/12/2027
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1959
Occupancy
100%
Tenancy
Single
Rent Increases
3% Annual Increases
About This US Bank Net Lease Property
This US Bank NNN (triple net lease) property is located in Palm Springs, CA and represents an excellent investment opportunity for commercial real estate investors. The property features 8214 square feet of building space and was built in 1959.
With a cap rate of 6.0%, this US Bank net lease property offers stable income potential. The asking price is $3,798,083, making it an attractive option for 1031 exchange investors seeking quality US Bank commercial properties.
Why Invest in US Bank NNN Properties?
- Stable Income: US Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: US Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Palm Springs, CA Market Overview
Located in Palm Springs, CA, this US Bank property benefits from strong local demographics and market fundamentals. The Palm Springs area offers excellent visibility and accessibility, making it an ideal location for US Bank operations and a solid investment for net lease property buyers.