7770 Clairemont Mesa Blvd
San Diego, CA 92111

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Union Bank in San Diego, California. This Union Bank store has approximately 4 years on the 2nd amendment to the lease before the next option to renew begins in November of 2021. This is an absolute net lease with no landlord responsibilities whatsoever. There is an option to extend for 10 years 11/9/2021 at market rate which will then increase 4% per year. This branch benefits from high deposits of over ±$156,500 million. The subject property is located at the signalized Northwest corner of Clairemont Mesa Blvd and Convoy Street with an average of 29,259 cars per day as well as three major highways with over 120,000 cars per day each. Average household income in a one mile radius is $93,018, $87,802 in a three-mile radius and $92,023 in a five-mile radius. Total one mile population count is 2,895 residents, 90,140 residents in a three-mile radius and there are over 308,014 residents in a five-mile radius.