11 Ridge Rd
Sutter Creek, CA 95685
Umpqua Bank: Sutter Creek, CA · Retail Property For Sale

Located just outside of Sacramento, California, the Property totals 2,589 square feet of prime retail real estate. The branch was built in 1984 and is situated on a 0.25-acre site within a retail corridor anchored by Walgreens and numerous restaurants and businesses. The Sutter Creek branch boasts a substantial deposit base of over $35 million, a number which has grown by nearly 24% since 2015. The Property is subject to an absolute net lease to Umpqua Bank with approximately 9.3 years remaining (as of 12/1/2018), providing an investor with long-term cash flow from a leading west coast financial institution. In addition to no landlord obligations or any cancellation options, the lease is subject to 1.00% annual escalations and includes two, 5-year renewal options. The Property features a current annual net rent of $84,500, which equates to an attractive net rental rate of $36.64 per square foot. Investment Highlights Leading regional bank Founded in 1953, Umpqua Holdings has grown into one of the leading regional banks with 4,380 employees stationed in 333 banking centers located across Oregon, Washington, California, Idaho, and Nevada. Based in Portland, Oregon, the Company is traded on the NASDAQ under the ticker symbol “UMPQ” and has a market capitalization of $4.74 billion. STRONG DEPOSIT BASE The Sutter Creek branch enjoys deposits in excess of $35 million, which reflects nearly 24% of growth since 2015. Absolute net lease structure & annual escalations The Property features an absolute net lease where the Tenant pays all costs and expenses, and there are no landlord obligations for roof, structure, or mechanical systems. The initial lease term and renewal options feature attractive 1.00% annual escalations. Appealing location for retail banking The Property is situated within a regional retail and commercial area surrounded by residential communities. There are nearly 8,000 residents living within three miles of the branch with an average household income of more than $64,000. When expanding the radius to five miles, the population is in excess of 10,000 and the average household income is over $68,000. Commitment to the Site Umpqua Bank recently signed a new 10-year lease. In comparison to 9.3 years remaining on an original 20-year term, the new lease is an indication of the bank’s recent analysis of the location and long-term commitment to the branch.