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U.S. Bank Branch 6221 Graham Hill Rd

6,376 SF Retail Building Felton, CA 95018 $2,700,000 ($423/SF) 6.11% Cap Rate

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Investment Highlights

Net-leased single-tenant U.S. Bank located at the signaled intersection of Graham Hill Road and Mt Herman Rd, the primary arteries into the entire San
Well-built and maintained pride-of-ownership building with over $1M in building and systems improvements (2006), Duralast Roof (2013), newly paved par
Founed over 161 years ago, U.S. Bancorp has more than 70,000 employees and $680 billion in assets as of June 30, 2024. in 2023, the company ranked 149

This U.S. Bank branch benefits from minimal competition, with only one other full service bank in the San Lorenzo Valley.
Opportunity to increase net operating income by leasing the 1,260 square foot vacancy. U.S. Bank currently occupies only 5,116 square feet of the 6,40

Executive Summary

Marcus & Millichap is pleased to present, as the exclusive agent for the seller, this net-leased U.S. Bank located in Felton, CA's Felton Faire Shopping Center. The property is strategically located at the signaled corner of Graham Hill Road and Mount Herman Road, the primary arteries into the entire San Lorenzo Valley (23,269 residents with median household income of $122,261). The bank is positioned on an out-parcel to the Safeway and CVS anchored shopping center which is the prime shopping center for the San Lorenzo Valley (Boulder Creek, Ben Lomond and Felton) The most recent traffic count is 30,106 ( per ESRI).

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

6,376 SF

Building Class

Year Built

1974

Price

$2,700,000

Price Per SF

$423

Cap Rate

6.11%

NOI

$164,852

Tenancy

Single

Building Height

1 Story

Building FAR

0.20

Lot Size

0.73 AC

Zoning

C-2-GH

Parking

32 Spaces (5.02 Spaces per 1,000 SF Leased)

Frontage

626 FT on Mt Hermon Rd

Amenities

Pylon Sign

Signage

Signalized Intersection

Finance and Insurance
99,999 SF
$9.99
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U.S. Bancorp is a global company headquartered in Minneapolis, Minnesota. They offer a wide range of financial products, services and tools to individuals, families, small- and mid-sized businesses, large companies, governmental agencies and institutions. From checking accounts and voice banking to card readers and corporate bonds, they aim to serve customers with a blend of human expertise and leading digital innovation. Their U.S. Bank Mobile App, for example, has provided many billion personalized insights to customers about spending trends, saving opportunities and more.