Investment Overview

Marcus & Milli chap, as an exclusive advisor to the seller, is pleased to present the opportunity to acquire this Absolute Net Ground Lease to U.S. Bancorp located at 36975 Cook St, Palm Desert, Ca. The branch was constructed in 2007 however, U.S. Bank recently executed a 10-year lease extension showing its long-term commitment to the branch. The lease burdens the landlord with zero management responsibilities whatsoever with the tenant responsible for all building maintenance, property taxes and insurance. This completely passive investment allows an investor to enjoy a steady stream of income guaranteed by a publicly traded company that ranks among the top 5 banks in the United States and #113 on the Fortune 500 list. U.S. Bank traces its origins back to 1863, making it one of the oldest banks in the United States. It was founded under national bank charter No. 24 during the Lincoln Administration. As of 2024, U.S. Bancorp is the 5th-largest bank in the United States, with over 3,661 branches and 4,771 ATMs. It is considered systemically important by the Financial Stability Board. The company reported a net income of $6.33 billion and total assets of $678.32 billion in 2024. It is publicly traded on the NYSE under the ticker symbol USB and is included in both the S&P 500 and S&P 100 indices. Over the past five years, U.S. Bancorp (USB) has shown a total return of approximately 13.05%. Its performance metrics indicate that U.S. Bancorp has been a relatively stable investment, with periods of significant growth. Palm Desert, CA, offers numerous advantages, making it an attractive destination for investors. The city boasts a robust real estate market with opportunities for both residential and commercial properties. Palm Desert's year-round sunshine and stunning desert landscapes make it a desirable location for tourism and retirement, driving demand for housing and hospitality services. Additionally, the city offers significant tax benefits and incentives, such as mortgage interest deductions, property tax deductions, and capital gains exclusions. The vibrant community, upscale amenities, and cultural attractions further enhance its appeal, ensuring a high quality of life for residents and visitors alike.