Bank
U.S. Bank Ground Lease
14900 N Pima Rd, Scottsdale, AZ 85260
Listing Price: $5,760,000
Investment Overview
Marcus & Millichap is pleased to present for sale U.S. Bank in Scottsdale, Arizona.
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.
Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona's ten largest cities. Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability, and friendly culture.
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) - Investment Grade Credit (S&P: A+)
- Scottsdale - High Barrier to Entry Market
- Rare 15 Percent Rental Increases Every Five Years with Multiple Renewal Options
- New High-Quality 2023 Construction
- As of Quarter Two 2023, U.S. Bancorp Operates 2,200 Plus Branches and has $681 Billion in Assets
- Excellent Location in North Scottsdale Retail Corridor, Adjacent to 330 Brand New Luxury Apartment Units
- Affluent Trade Area - Average Household Income Exceeds $158,000 within Three Miles
- 166,341 Residents in a Five-Mile Radius - Dense Scottsdale Trade Area in the Phoenix MSA
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
Listing Price: $5,760,000
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease with Corporate Guaranty by U.S. Bank (NYSE: USB) - Investment Grade Credit (S&P: A+)
- Scottsdale - High Barrier to Entry Market
- Rare 15 Percent Rental Increases Every Five Years with Multiple Renewal Options
- New High-Quality 2023 Construction
- As of Quarter Two 2023, U.S. Bancorp Operates 2,200 Plus Branches and has $681 Billion in Assets
- Excellent Location in North Scottsdale Retail Corridor, Adjacent to 330 Brand New Luxury Apartment Units
- Affluent Trade Area - Average Household Income Exceeds $158,000 within Three Miles
- 166,341 Residents in a Five-Mile Radius - Dense Scottsdale Trade Area in the Phoenix MSA
Investment Overview
Marcus & Millichap is pleased to present for sale U.S. Bank in Scottsdale, Arizona. 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. Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona's ten largest cities. Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability, and friendly culture.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Financing By
