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Bank of America - Double Drive-Thru 12421 Valley View St 6,851 SF Retail Building Garden Grove, CA 92845 $6,477,353 CAD ($945.46 CAD/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- A truly passive investment, with the tenant covering all expenses, including property taxes, insurance, repairs and maintenance.
- The property was remodeled by the tenant in 2024, followed by HVAC replacement in March 2025, both completed at the tenant’s sole expense.
- Bank of America is one of the most recognized financial institutions in the U.S. and ranks as the world’s 2nd largest by market capitalization ($327B)
- Bank of America has operated at this location for over 60 years and recently extended its lease, reflecting a long-term commitment to this location.
- This branch currently holds over $176 million in deposits, reinforcing viability of the location and its deeply rooted customer base.
- The property features a double drive-thru and is strategically located at the hard corner signalized intersection of Valley View St and Lampson Ave.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,851 SF
Building Class
C
Year Built
1965
Price
$6,477,353 CAD
Price Per SF
$945.46 CAD
Cap Rate
5.30%
NOI
$343,300 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.62 AC
Zoning
Neighborhood Commercial (
Frontage
347’ on Valley View
AMENITIES
- Banking
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 217-061-08 | Improvements Assessment | $1,326,941 CAD |
| Land Assessment | $1,795,882 CAD | Total Assessment | $3,122,823 CAD |
PROPERTY TAXES
Parcel Number
217-061-08
Land Assessment
$1,795,882 CAD
Improvements Assessment
$1,326,941 CAD
Total Assessment
$3,122,823 CAD
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Bank of America - Double Drive-Thru | 12421 Valley View St
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