|Price/Rent PSF||$ 2,475,000.00|
|SQ. FT. Available||4,663|
Flocke & Avoyer Commercial Real Estate is pleased to offer for sale a freestanding absolute NNN leased investment with 1.5% annual rent increases. The property is leased to Citibank N.A., a wholly owned subsidiary of Citigroup (NYSE: C), the fourth-largest bank in the United States by total assets. Freestanding building with a hard corner location, multiple points of ingress/egress and a drive-thru. Property is located in the area’s commercial corridor and adjacent to an abundance of residential housing. Tenant Overview: - Citibank, N.A. (“Citibank”), the Tenant, is the consumer division of multinational investment banking and financial services corporation Citigroup Inc., the fourth-largest bank in the United States with $1.864 trillion in total assets. - Founded in 1812, Citibank has more than 2,600 branches in 19 countries – including 723 branches in the United States. - Citibank has a strong presence throughout the state of California.