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245 Vista Village Dr - 245 Vista Village Dr.
0.84 Acres of Commercial Land Offered at $4,275,356 in Vista, CA 92083
Investment Highlights
- Two driveway entrances/exits
- 20 parking spaces, plus reciprocal with common areas
- Built in 2005
Executive Summary
• Cap Rate: 4.50%
• Lease Term remaining: ±4.3 years
• ±5,000 SF building on .84 acres
• Five, 5-year options remaining with 15% increases; the last two at FMV, but not less than 15%
• Absolute NNN Ground Lease
• At the end of Lease Term, improvements revert to Landlord
• US Bank is the fifth largest bank in the US, by assets
• Strategic North County location just one block off State Rte. 78 at Vista Village Drive
Property Facts
| Price | $4,275,356 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Bank |
| No. Lots | 1 | Total Lot Size | 0.84 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $4,275,356 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Bank |
| Total Lot Size | 0.84 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $4,275,356 | Lot Size | 0.84 AC |
| Price Per AC | $5,089,710 |
| Price | $4,275,356 |
| Price Per AC | $5,089,710 |
| Lot Size | 0.84 AC |
Description
Flocke & Avoyer Commercial Real Estate is pleased to exclusively offer for sale a US Bank Ground Lease, in Vista, CA. In June of 2022, US Bank exercised their first of six, 5-year options to extend their lease. The property benefits from high traffic counts on the State Route 78, excellent visibility to Vista Village Drive (±36,082 CPD) and close proximity to many notable retailers. • Price: $4,275,356 • Cap Rate: 4.50% • Lease Term remaining: ±4.3 years • ±5,000 SF building on .84 acres • Five, 5-year options remaining with 15% increases; the last two at FMV, but not less than 15% • Absolute NNN Ground Lease • At the end of Lease Term, improvements revert to Landlord • US Bank is the fifth largest bank in the US, by assets • Strategic North County location just one block off State Rte. 78 at Vista Village Drive
-
Gael Courtney -
Steve Avoyer -
Julia McCullah -
Mia Suni -
Flocke & Avoyer Commercial Real Estate
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245 Vista Village Dr - 245 Vista Village Dr.
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