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Bank

Umpqua Bank - Chehalis

401 N Market Blvd, Chehalis, WA 98532

Listing Price: $2,945,000

Cap Rate
5.50%
Tenant Name
Umpqua
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
12,852
Lease Type
Absolute Net
Rent Per Square Feet
$12.61

Investment Overview

Founded in 1953 and headquartered in Portland, Oregon Umpqua Holdings Corporation provides a broad range of banking, wealth management, mortgage, and other financial services to corporate, institutional, and individual customers. Umpqua Bank has over 260 bank locations throughout Idaho, Washington, Oregon, California and Nevada, and is recognized nationally and internationally for its unique company culture and customer experience strategy. Umpqua Bank’s primary objective is to become the leading community-oriented financial services organization throughout the Western United States. Umpqua employs nearly 4,000 employees and generated $1.29 billion in total revenue and held over $29.2 billion in assets (YE 2020).

Investment Highlights

  • New 5-Year Lease Extension: Umpqua Bank recently exercised a new 5-year lease extension showing its commitment to the location.
  • Absolute NNN Lease: Passive lease structure with no Landlord responsibilities.
  • Corporate Guarantee: Lease provides a corporate guarantee from Umpqua Bank, which has over 260 locations and $29.2 billion in assets (2020).
  • Longstanding Banking Location: Site has operated as a bank branch for over 15 years.
  • Downtown Corner Location on Main Arterial: Situated at the intersection of NW Park St and N Market Blvd in Downtown Chehalis.
  • Income Tax Free State: Washington is a non-income tax state.

Exclusively Listed By

Bank

Umpqua Bank - Chehalis

Listing Price: $2,945,000

Cap Rate
5.50%
Tenant Name
Umpqua
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
12,852
Lease Type
Absolute Net
Rent Per Square Feet
$12.61

Investment Highlights

  • New 5-Year Lease Extension: Umpqua Bank recently exercised a new 5-year lease extension showing its commitment to the location.
  • Absolute NNN Lease: Passive lease structure with no Landlord responsibilities.
  • Corporate Guarantee: Lease provides a corporate guarantee from Umpqua Bank, which has over 260 locations and $29.2 billion in assets (2020).
  • Longstanding Banking Location: Site has operated as a bank branch for over 15 years.
  • Downtown Corner Location on Main Arterial: Situated at the intersection of NW Park St and N Market Blvd in Downtown Chehalis.
  • Income Tax Free State: Washington is a non-income tax state.

Investment Overview

Founded in 1953 and headquartered in Portland, Oregon Umpqua Holdings Corporation provides a broad range of banking, wealth management, mortgage, and other financial services to corporate, institutional, and individual customers. Umpqua Bank has over 260 bank locations throughout Idaho, Washington, Oregon, California and Nevada, and is recognized nationally and internationally for its unique company culture and customer experience strategy. Umpqua Bank’s primary objective is to become the leading community-oriented financial services organization throughout the Western United States. Umpqua employs nearly 4,000 employees and generated $1.29 billion in total revenue and held over $29.2 billion in assets (YE 2020).

Exclusively Listed By

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