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Bank of America - Double Drive-Thru 12421 Valley View St 6,851 SF Retail Building Garden Grove, CA 92845 $4,660,000 ($680.19/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- The property was remodeled by the tenant in 2024, followed by HVAC replacement in March 2025, both completed at the tenant’s sole expense.
- Bank of America is one of the most recognized financial institutions in the U.S. and ranks as the world’s 2nd largest by market capitalization ($327B)
- Bank of America has operated at this location for over 60 years and recently extended its lease, reflecting a long-term commitment to this location.
- This branch currently holds over $176 million in deposits, reinforcing viability of the location and its deeply rooted customer base.
- The property features a double drive-thru and is strategically located at the hard corner signalized intersection of Valley View St and Lampson Ave.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,851 SF
Building Class
C
Year Built/Renovated
1965/2024
Price
$4,660,000
Price Per SF
$680.19
Cap Rate
5.30%
NOI
$246,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.62 AC
Zoning
Neighborhood Commercial (
Frontage
347’ on Valley View
AMENITIES
- Banking
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 217-061-08 | Improvements Assessment | $963,136 |
| Land Assessment | $1,303,508 | Total Assessment | $2,266,644 |
PROPERTY TAXES
Parcel Number
217-061-08
Land Assessment
$1,303,508
Improvements Assessment
$963,136
Total Assessment
$2,266,644
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Bank of America - Double Drive-Thru | 12421 Valley View St
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