Wells Fargo and Dental Building in Walnut for Sale$3,500,000
- ID ARG199353380 - CA
- Listing type: For Sale
- Lot Size 19547 sqft
- Living Area 7000 sqft
- Property type: Medical Practice
- Built In 2004
The subject property is an approximately 7,000 sqft retail building located in Walnut, CA. The property is anchored by a Wells Fargo with two other tenants adjacent. The Wells Fargo has been located at this location since the building was constructed in 2003 and has strong annual deposits of $135 MM as per the FDIC for 2014. All three tenants are on NNN leases providing a new owner ease of management. The center is located on the pad of a larger Von’s anchored center. Well Fargo’s lease has been renewed for 5 years with 2 options to renew for a total of 15 years. Total current annual income is $191,514. As rents have dramatically increased over the last several years, we expect that this will provide a new buyer with excellent upside potential. For additional information please contact James Tran 714-471-0963.