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Banc of California Net Leased Investment 1050 W 6th St 5,936 SF Retail Building Corona, CA 92882 $5,239,675 CAD ($882.69 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Continuously operated as a bank since July 1995 (initially Foothill Independent Bank), with a separate drive-thru ATM
Current rent is $218,069/yr (˜ $3.06/SF/Mo NNN), versus an estimated market $4.50–$5.00/SF/Mo NNN for a retail user leveraging the drive-thru

The lease includes rare 3% fixed rental increases, along with a fair market value option
Banc of California’s branch benefits from a strong and growing deposit base of over $990,000,000

EXECUTIVE SUMMARY

CBRE is pleased to present a single tenant net leased Banc of California in Corona, CA. The property is prominently located along West 6th Street, one of Corona’s most visible and well-traveled commercial corridors, offering convenient access to both the SR-91 and I-15 freeways less than a mile away. Banc of California has operated a full-service branch at this site since 1995, underscoring its long-term commitment to the location. The property features a dedicated drive-thru ATM, enhancing customer convenience and supporting consistent branch traffic.

1050 W 6th St Brochure