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- LoopNet Team
892 N Tustin St
Orange, CA 92867
WELLS FARGO BANK - ABSOLUTE NET LEASE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- SELLER FINANCING AVAILABLE FOR QUICK CLOSE!
- Huge Deposit Base - Over 240 Million!
- Recent 10 Year Lease Extension
- Wells Fargo Absolute Net Ground Lease - No Management
- 15% Increase in Next Option Period
- 40 Year History At This Location
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 892 N TUSTIN ST , ORANGE, CA 92867
PRICE REDUCED! SELLER FINANCING AVAILABLE! Rare opportunity to acquire a corporate Wells Fargo Bank branch in a prime Orange County location. This branch is located at the busy signalized intersection of N Tustin Street and East Collins Ave. and has been serving the local community for over 40 years. The building was built for Wells Fargo in 1979 and features a roughly 7500 square foot building situated on a 22,017 square foot lot. Additionally, the lot adjacent to the building is owned by Wells Fargo and provides an additional 30,000 square feet of parking; giving this branch a total of 83 parking spots and another reason that they should be here for another 4 decades! Wells Fargo recently exercised a "Fair Market Value" option for an additional 10 years with two options. The next option features a 15% rent increase. This branch currently has over 240 million in deposits; one of the highest in Orange County. With it's 40 year history and its incredibly high deposit base; you can feel confident Wells will be a fixture on this corner for decades to come.
PROPERTY TAXES
| Parcel Number | 386-301-01 | Improvements Assessment | $909,242 |
| Land Assessment | $3,203,999 | Total Assessment | $4,113,241 |
PROPERTY TAXES
