Banc of California - Fig Garden Village

Highlights:

• Banc of California is a publicly traded company (NYSE: BANC)
• 10-Year Lease with One 5-Year Option
• Positioned at the signalized intersection of Palm Rd. and Shaw Ave. (±69,446 VPD)
• 1-Mile West of the Yosemite Freeway (±146,000 VPD)
• Fig Garden Village is home to the top performing Whole Foods Market within 50-miles
• High Growth Trade Area | Strong Surrounding Development

Description:

Colliers is pleased to exclusively offer for sale a single tenant net-leased Banc of California located within Fig Garden Village – a premier Whole Foods Anchored ±290,000 SF open-air retail and entertainment destination located in a high growth trade area in the Fresno, CA MSA. The property consists of a ±4,333 SF freestanding building with drive-thru ATM services positioned on a ±0.43 AC parcel.

Banc of California acquired Pacific Western Bank in 2023 and became the third largest bank headquartered in California after the all-stock merger. The asset benefits from a 10-Year lease with 8 Years of remaining term, and 3% annual increases, including options. The site is strategically positioned on N Palm Ave. and Shaw Ave., with combined traffic counts of ±69,446 VPD. The site is located 1-mile east of the Yosemite Freeway with an additional ±146,000 vehicles per day.

Fig Garden Village is a premier open-air shopping center that offers ample parking and attracts 3.6 million annual visits, with notable anchors and co-tenants, including a top performing Whole Foods Market, Williams Sonoma, Pottery Barn, Anthropologie, ARIAT, Columbia, lululemon, Banana Republic, and many more! With its highly desirable location, elevated tenant lineup, and enduring community appeal, Fig Garden Village continues to serve as both a vibrant retail hub and a regional destination for discerning shoppers.

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