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Single Tenant NNN Investment Opportunity

$4,602,000

220 South Vincent Avenue, West Covina, CA 91790

Active
Last Updated: 09/09/2025

5.2

Cap Rate

239,292

NOI

Details:
Cap Rate:    5.2%
NOI:    $239,292
Building Size:    5,018 sqft
Lot Area:    35,322 sqft
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2003
Zoning:    WCCR
Tenancy:    Single
Parking Spots:    48
Highlights:
  • STRONG INTRINSIC VALUE NNN GROUND LEASE WITH NO LANDLORD RESPONSIBILITIES
  • Tenant is responsible for all expenses including CAM, taxes, insurance, and maintains all aspects of the property.
  • Ideal management-free investment for a passive investor.
  • The existing ground rent is below market. Neighboring comparable sites have leased at higher rates.
  • Attractive C – T-4 Urban Neighborhood Zoning. There are multiple redevelopment options at higher density with a variety of uses under the Downtown Plan and Code.
Description:

LONG-TERM LEASE WITH BANC OF CALIFORNIA FEATURING TWO PERCENT (2%) ANNUAL RENT INCREASES

Ten (10)-year corporate lease with Banc of California, including two (2), five (5)-year renewal options, demonstrating their long-term commitment to the site.

Two percent (2%) annual rent increases throughout the initial and option terms, providing rental upside and an excellent hedge against inflation.

Corporate Guarantee from Banc of California, a well-capitalized institution with over $34 billion in assets and 80 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina.

High performing branch with total deposits of approximately $148 million (as of 6/2024), underscoring the location’s operational strength.


STRONG INTRINSIC VALUE NNN GROUND LEASE WITH NO LANDLORD RESPONSIBILITIES

Ten (10)-year corporate lease with Banc of California, including two (2), five (5)-year renewal options, demonstrating their long-term commitment to the site.

Two percent (2%) annual rent increases throughout the initial and option terms, providing rental upside and an excellent hedge against inflation.

Corporate Guarantee from Banc of California, a well-capitalized institution with over $34 billion in assets and 80 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina.

High performing branch with total deposits of approximately $148 million (as of 6/2024), underscoring the location’s operational strength.

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Documents:
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Offering Memorandum
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