245 Vista Village Dr
Vista, CA 92083
245 Vista Village Dr. · Land For Sale
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0.84 AC
Investment Highlights
- Two driveway entrances/exits
- 20 parking spaces, plus reciprocal with common areas
- Built in 2005
Property Facts
| Property Type | Land | Proposed Use | Bank |
| Property Subtype | Commercial | Total Lot Size | 0.84 AC |
| Zoning | 60 - Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Bank |
| Total Lot Size | 0.84 AC |
| Zoning | 60 - Commercial |
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
Property Taxes
| Parcel Number | 164-205-28 | Improvements Assessment | $1,379,971 |
| Land Assessment | $2,502,353 | Total Assessment | $3,882,324 |
Property Taxes
