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521 E Bidwell St
6,160 SF Retail Building Folsom, CA 95630 £3,017,925 (£490/SF) 5.25% Net Initial Yield
Investment Highlights
- Absolute Triple Net Leased Investment with U.S. Bank National Association (S&P Rated A).
- 5% rental rate increase in May 2025.
- Only U.S. Bank branch in Folsom – equipped with a drive-through.
- Strong Deposit Base (over $182 million as of June 2023 according to FDIC).
- Highly visible and highly trafficked hard corner location (over 28,200 vehicles per day).
- Large site of approximately 1.33 acres (buyer to verify).
Executive Summary
corporate signed, drive-thru equipped, U.S. Bank investment property at 521 E. Bidwell Street (the “Property”) in Folsom, California. The
tenant’s current lease expires April 30, 2029, and there are two remaining 5-year options to extend.
The Property is located on E. Bidwell Street, Folsom’s primary retail hub. Folsom is a Sacramento submarket that contains over 4 million square feet of space and is one of the most affluent retail trade areas in the region. The City of Folsom is a vibrant, business-friendly community dedicated to maintaining a high quality of life by fostering stable, reliable, and diversified economic growth. Situated about 25 miles east of downtown Sacramento, 85 miles from Lake Tahoe, and 110 miles from San Francisco, Folsom enjoys a prime central location in California. The city has successfully attracted a robust and expanding base of major employers, including Voxpro, California ISO, Maximus, Intel, Kaiser Permanente, Kikkoman, Mercy Hospital, Micron, Safe Credit Union, Toshiba, and VSP One. Folsom boasts a substantial and well-educated workforce of 38,200, with 54% holding a Bachelor’s degree or higher, and maintains a very low unemployment rate of 3.8%.
Property Facts
Amenities
- Signage
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
- £25.75
- Triple Net
- May 2028
U.S. Bancorp is a global company headquartered in Minneapolis, Minnesota. They offer a wide range of financial products, services and tools to individuals, families, small- and mid-sized businesses, large companies, governmental agencies and institutions. From checking accounts and voice banking to card readers and corporate bonds, they aim to serve customers with a blend of human expertise and leading digital innovation. Their U.S. Bank Mobile App, for example, has provided many billion personalized insights to customers about spending trends, saving opportunities and more.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | £25.75 | Triple Net | May 2028 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £623,607 | |
| Land Assessment | £384,230 | Total Assessment | £1,007,837 |
PROPERTY TAXES
-
Forrest Gherlone -
Daniel Watson -
Newmark
Presented by
521 E Bidwell St
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