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US Bank 500 S Indian Canyon Dr

8,214 SF Retail Building Palm Springs, CA 92264 £3,575,105 (£435/SF) 5% Net Initial Yield

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Investment Highlights

Zero Landlord Responsibilities - NNN lease with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
Below Market Rent - average in-place rent for similar space in the trade area exceeds $3.00/PSF, while current in-place rent with US Bank is $2.60/PSF

Drive-Thru Location - with five (5) public points of ingress & egress
Walkable distance to downtown Palm Springs; retail, boutique resorts, trendy restaurants, and elite neighborhoods, including notable retail tenants

Executive Summary

Trophy Single-Tenant NNN Lease with US Bank (formerly Union Bank). US Bank has occupied this site for over 20 years and has Two (2) - Five (5) year options to renew. Per the FDIC’s website, this location has over $76 Million in deposits. This highly visible location at the signalized corner of E. Ramon Rd., and S. Indian Canyon Drive is one of the most highly-traveled commercial intersections in the trade area. There are zero Landlord responsibilities, due to the NNN lease, and the tenant maintains all aspects of the property including the roof, structure, parking lot and maintenance.