Bank

Citibank

1340 Oakdale Rd, Modesto, CA 95355

Listing Price: $2,615,000

Cap Rate
5.18%
Tenant Name
Citibank
Years Remaining On Lease
3.20
Gross SF
5,260
Guarantor
Corporate Guarantee
Rentable SF
5,260
Price/Gross SF
$497.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.74

Investment Overview

This attractive Citibank property is situated at the signalized intersection of Oakdale Road and West Orangeburg Avenue in Modesto, California with a combined traffic count reported of 64,594 (ADT12). This is an absolute NNN lease with 1.5% annual rent increases, and and is situated on +/-.97 acres that offers 50 on-site parking spaces.

Investment Highlights

  • Absolute NNN corporate lease
  • 1.5% annual rent increases
  • Bank branch deposits are reported at $89 million

Exclusively Listed By

Listing Price: $2,615,000

Cap Rate
5.18%
Tenant Name
Citibank
Years Remaining On Lease
3.20
Gross SF
5,260
Guarantor
Corporate Guarantee
Rentable SF
5,260
Price/Gross SF
$497.15
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.74

Investment Highlights

  • Absolute NNN corporate lease
  • 1.5% annual rent increases
  • Bank branch deposits are reported at $89 million

Investment Overview

This attractive Citibank property is situated at the signalized intersection of Oakdale Road and West Orangeburg Avenue in Modesto, California with a combined traffic count reported of 64,594 (ADT12). This is an absolute NNN lease with 1.5% annual rent increases, and and is situated on +/-.97 acres that offers 50 on-site parking spaces.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower