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Virtual Drive-By

US Bank Absolute NNN

6199 Sunrise Mall Rd · Citrus Heights, CA 95610 · Banking / Financial

Asking price
$10,300,000
Cap rate
5.66%
NOI
$582,947

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Lease

Lease typeAbsolute NNN
Term remaining9.6 yrs
Expiration12/2035
Rent bumps4% annually
OptionsFour (4) Five-Year Options
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

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Property

Building SF8,000
Price / SF$1,288
Year built1972
Lot size0.93 ac
TypeBank
Days on market51

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​S&P A-Rated U.S. Bancorp Lease (NYSE: USB) – Corporate-backed credit tenant
  • ​Absolute NNN Cash Flow – 4% annual rent increases with zero landlord responsibilities; inflation-protected growth
  • ​High-Performing Location – $264M+ in total deposits; ranked in the 93rd percentile nationwide (Placer.ai)
  • ​Sunrise Tomorrow Redevelopment – Entitlements approved for a 100-acre mixed-use project
  • ​Long-Term Income – ±9.6 years remaining with (4) five-year extension options
  • ​Strong Rent Growth – Increases from $560K (2025) to $829K (2035)
  • ​Dominant Retail Location – Signalized intersection of Sunrise Blvd & Greenback Ln within the core Citrus Heights corridor
  • ​Catalyst Sports & Entertainment Development – Proposed 160,000 SF Sunrise Sports Center featuring a 4,000-seat arena

Property overview

Marcus & Millichap has been selected to exclusively market for sale the fee simple interest in an 8,000SqFt Single Tenant Drive Thru building leased to U.​S.​ Bank, located at the signalized intersection of Sunrise Boulevard at Greenback Lane, Citrus Heights, California.​

The Property is subject to a long-term Lease originating in 1971 and recently extended an additional Ten (10) year firm term reflecting the Tenant's continued long-term commitment to the location.​ The Lease extends through December 31, 2035, with Four (4) five-year options.​

The Lease provides contractual annual rent increases equal to the greater of CPI or 4%, providing a built-in hedge against inflation and supporting long-term income growth.​ Rental income increases from $582,947 in 2026 to $829,715 in 2035.​ The Lease is an absolute triple-net structure with zero landlord responsibilities and is backed by a corporate guarantee from U.​S.​ Bancorp (Operating as U.​S.​ Bank).​

The location demonstrates strong bank operating performance, ranking in the top 93rd percentile nationwide by Placer.​ai, with over $264 million in total deposits, supporting long-term tenant viability and reinforcing the location's importance within the tenant's branch network.​

The Property is part of a Reciprocal Easement Agreement to the Sunrise Tomorrow Specific Plan, a long-term mixed-use redevelopment initiative encompassing the Sunrise Mall trade area.​ The plan envisions a transformational redevelopment featuring housing, hospitality, retail, entertainment, office, and community-oriented uses designed to revitalize the corridor into a regional destination.​

As part of the redevelopment initiative, the City of Citrus Heights recently announced plans for the proposed Sunrise Sports Center, a 160,000SqFt regional sports and entertainment complex envisioned as a catalyst project for the broader Sunrise redevelopment area.​ Current plans include a 4,000-seat arena, NHL-sized ice sheets, indoor and outdoor sports facilities, restaurants, and entertainment-oriented uses expected to drive additional consumer traffic and long-term investment throughout the immediate area.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.