Bank
U.S. Bank Ground Lease
N Higley Rd & E Michelle Way, Gilbert, AZ 85234
Listing Price: $3,360,000
Investment Overview
Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. Union Bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. U.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of end of June 30, 2023, is the parent company of U.S. Bank National Association.
As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.
U.S. Bank Ground Lease
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by U.S. Bank (NYSE: USB)
- New High-Quality 2023 Construction
- Rare 15 Percent Rental Increases Every Five Years with Multiple Renewal Options
- As of Quarter Two 2023, U.S. Bancorp Operates Over 2,200 Branches and has $681 Billion in Assets
- Adjacent to a Brand New Valvoline and Whataburger Currently Under Construction, as well as a 45,000-Square-Foot Two-Story Medical Office Currently in Development
- Located in City Gate Marketplace, Anchored by Fry's Marketplace
- 343,681 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
- Households Projected to Increase More than Eight Percent in the Immediate Area by 2027
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
Listing Price: $3,360,000
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by U.S. Bank (NYSE: USB)
- New High-Quality 2023 Construction
- Rare 15 Percent Rental Increases Every Five Years with Multiple Renewal Options
- As of Quarter Two 2023, U.S. Bancorp Operates Over 2,200 Branches and has $681 Billion in Assets
- Adjacent to a Brand New Valvoline and Whataburger Currently Under Construction, as well as a 45,000-Square-Foot Two-Story Medical Office Currently in Development
- Located in City Gate Marketplace, Anchored by Fry's Marketplace
- 343,681 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
- Households Projected to Increase More than Eight Percent in the Immediate Area by 2027
Investment Overview
Based in Minneapolis, Minnesota, U.S. Bancorp serves millions of customers locally, nationally, and globally through a diversified mix of businesses. Union Bank, consisting primarily of retail banking branches on the West Coast, joined U.S. Bancorp in 2022. U.S. Bancorp, with approximately 77,000 employees and $681 billion in assets as of end of June 30, 2023, is the parent company of U.S. Bank National Association. As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
