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Wells Fargo Bank 46020 Monroe St 3,960 SF Retail Building Indio, CA 92201 $2,938,667 ($742.09/SF) 6.75% Cap Rate
Investment Highlights
- Highway 111 is the primary east-west arterial serving Indio and the greater Coachella Valley, carrying substantial daily traffic and retail exposure.
- Wells Fargo is one of the largest U.S. banking institutions with a long operating history, national brand recognition, and deep market penetration.
- The branch maintains over $155 million in deposits, underscoring strong customer engagement and branch-level performance.
- The property benefits from direct access and visibility at Monroe Street, a major north-south thoroughfare connecting residential neighborhoods to emp
- Banking remains a mission-critical service within retail corridors, supporting long-term demand and tenancy.
- The lease provides predictable cash flow with limited landlord responsibilities, appealing to both institutional and private capital.
Executive Summary
CBRE is pleased to present the opportunity to acquire a single-tenant, net-leased investment occupied by Wells Fargo, one of the largest and most established financial institutions in the United States. The subject property is a freestanding bank branch located at 46020 Monroe Street in Indio, California, positioned along the highly trafficked Highway 111 corridor at Monroe Street—one of the city’s primary commercial intersections.
The approximately 6,000 square foot building is situated on a ±11,430 square foot (0.26-acre) parcel and has operated continuously as a banking location for over 40 years, demonstrating long-term viability and entrenched market presence. The property features a drive-through ATM, dedicated on-site parking, and excellent visibility within the Indio Grand Marketplace retail node, adjacent to In-N-Out Burger and Chevron, two of the strongest traffic-driving retail uses in the region.
This offering provides investors with stable, passive income backed by national credit, irreplaceable real estate fundamentals, and exposure to the Coachella Valley’s fastest-growing city.
The approximately 6,000 square foot building is situated on a ±11,430 square foot (0.26-acre) parcel and has operated continuously as a banking location for over 40 years, demonstrating long-term viability and entrenched market presence. The property features a drive-through ATM, dedicated on-site parking, and excellent visibility within the Indio Grand Marketplace retail node, adjacent to In-N-Out Burger and Chevron, two of the strongest traffic-driving retail uses in the region.
This offering provides investors with stable, passive income backed by national credit, irreplaceable real estate fundamentals, and exposure to the Coachella Valley’s fastest-growing city.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
C
Year Built
1976
Price
$2,938,667
Price Per SF
$742.09
Cap Rate
6.75%
NOI
$198,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.65
Lot Size
0.14 AC
Zoning
C2 - MPDO-HWY111 SP (Mixed-Use Planned Development Overlay within the Highway 111 Corridor Specific Plan)
Parking
30 Spaces (7.58 Spaces per 1,000 SF Leased)
Frontage
90’ on Monroe St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 614-020-004 | Improvements Assessment | $1,105,272 |
| Land Assessment | $106,364 | Total Assessment | $1,211,636 |
Property Taxes
Parcel Number
614-020-004
Land Assessment
$106,364
Improvements Assessment
$1,105,272
Total Assessment
$1,211,636
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Wells Fargo Bank | 46020 Monroe St
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