Wells Fargo
Clovis, CA (Fresno)
Price: $2,150,000Cap Rate: Building SF: 5,808 SFLot Size: 30,492 SFYear Built: 1980Status:

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Investment Highlights:

Outstanding Deposits– Wells Fargo has over $188 Million in deposits at this location making it #1 in Clovis and #9 in Fresno County.

Strong Intrinsic Value– Wells Fargo is paying under market rent. Rent adjusts to FMV at their third option allowing an investor to bring the rent up to market.

Commitment to site– Wells Fargo has been at the site since 1980 and recently extended the lease for an additional seven years. 

No Deferred Maintenance– within the past year, the owner has replaced the roof and resealed the parking lot.

Great Visibility– property sits with frontage along Shaw Ave which sees over 40,000 vehicles per day.

 


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977