1226 9th Avenue (Tartine Bakery)
1226 9th Ave, San Francisco, CA 94122
₹394,879,000 | 279 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Wells Fargo located at 602 W. Route 66 Glendora, California (the "Property" or "Asset"). Wells Fargo is operating on a NN lease with 3.9+ years of primary lease term remaining, featuring a 15% rent escalation in 2030. The Property benefits from Wells Fargo's long-term commitment to the location with over 26 years of operational history at this site.
This offering presents investors with a rare opportunity to acquire a well-established Wells Fargo branch with long-term operational history, backed by investment-grade credit in an infill location.
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Attributes
Asking price
₹379,655,000
NOI
₹21,433,000
Cap rate
5.65%
Lease type
Net lease (N/NN/NNN)
Building area net
669 m²
Occupancy
100%
Year built
1965
Land area gross
0.53 ha
Media
Investment Highlights
- Investment grade tenancy S&P: BBB+ (stable outlook)
- ±26 years long-term operational history
- Outparcel to Top 30% Sprouts Farmers Market Nationwide
- NN lease with minimal landlord responsibilities
- $436M in deposits in 2025
- $135K+ average household income within 3-mile radius
- #2 largest MSA in the United States (LA)
- 18K+ students - Less than 1 mile from Citrus College & Azusa Pacific University
- 127K+ residents within a three-mile radius
- Regional connectivity along Route 66 with 63K+ VPD
Contact brokers
Wells Fargo - Glendora, CA (0 Properties)
