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BANK OF THE WEST, Woodland, CA

BANK OF THE WEST

Price $1,606,000
Cap Rate
NOI
Lease Term 25 Years With 6.5 Years Remaining
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof And Structure
Rental Increases Rental increases Every 2.5 Years
Year Built 2001
Building Size 4,200 SF
Lot Size 1.24 Acres (53,825 SF)
Status Under Contract
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE TO HIGH-QUALITY, INVESTMENT GRADE SINGLE TENANT
» Corporate guaranteed net lease with longstanding operating history. Tenant has recently exercised its 4th Option, demonstrating their commitment to the location
» Scheduled rental increases every 2.5 years
» Bank of the West has over 600 locations and is a subsidiary of BNP Paribas, the third largest bank in the world (rated “A” by Standard & Poor’s)

IRREPLACEABLE INFILL AND HARD-CORNER DOWNTOWN WOODLAND LOCATION IN DENSELY POPULATED AREA
» Hard-corner location at signalized four-way intersection of Main Street and Cleveland Street
» 64,590 residents and a $90,217 average household income within a five-mile radius
» 13,234 vehicles per day directly in front of the property on Main Street
» Convenient access to Interstate 5 (28,600 AADT)
» Only Bank of the West building location within 22 miles of the property
» Within five miles of 20 apartment complexes

NEAR LARGE SCHOOLS, RETAILERS, AND COMMUNITY HUBS
» Within five miles of 14 schools with a combined enrollment of 9,655 students
» Beneficial proximity to Woodland Community College (3,332 students)
» 1.5 miles from Woodland Memorial Hospital (108 beds, 740 employees, $719 million in total patient revenue)
» Surrounded by national retailers such as Nugget Markets, McDonald’s, KFC, Starbucks, Walmart, Jack in the Box, Costco, The Home Depot, and many more
» Gateway to Sacramento, California’s Capital and sixth-largest city


Property Description

SOLD

The property is conveniently located at the hard-corner of Main Street and Cleveland Street at the heart of Downtown Woodland, with excellent visibility and access to 13,234 vehicles per day directly in front of the location. Traffic to the property is increased by the site’s location near Interstate 5, a major north-south thoroughfare traversing California. The property resides in a densely populated area. 64,590 residents with an average household income of $90,217 live within a five-mile radius. The location is also within five miles of 20 apartment complexes and is the only Bank of the West building location within 22 miles of the property.

The site is centrally located near large schools, retailers, and community hubs. The location resides within five miles of 14 schools with a combined enrollment of 9,655 students. The property also benefits from its proximity to Woodland Community College, which has an enrollment of 3,332 students. The site is 1.5 miles from Woodland Memorial Hospital (108 beds, 740 employees, $719 million in total patient revenue) and surrounded by national and local tenants such as Nugget Markets, McDonald’s, KFC, Starbucks, Walmart, Jack in the Box, Woodland’s movie theater, and many more. The location in Woodland serves as a highly trafficked gateway to Sacramento, California’s Capital and sixth-largest city.

Contact Us About This Property

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