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Virtual Drive-By

Citibank Absolute NNN

401 East Arrow Highway · Glendora, CA 91740 · Banking / Financial

Asking price
$2,500,000
Cap rate
6.47%
NOI
$161,867

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining2.5 yrs
Expiration01/2029
Rent bumps1.5% annual
Options3 5-Year
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF4,062
Price / SF$615
Year built1981
Lot size0.41 ac
TypeBank
Days on market149

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

  • Investment Grade Tenant with S&P Rating of A+

  • Absolute NNN, No LL Responsibilities

  • $130M (2024) in Branch Deposits

  • Located in Los Angeles MSA

  • Tenant Replaced the Roof in January 2026

  • Situated in a CVS Anchored Shopping Center

  • Established Long Term Branch

  • Tenant Exercised First Option Early Exhibiting a Commitment to Location

  • Densely Populated Area - 300k Residents within a 5-Mile Radius

  • AHHI of Over $120,000 within a 5-Mile Radius

Property overview

THE OFFERING

Equity Investment Advisors is pleased to offer for sale an absolute NNN leased investment with 1.5% annual rental increases.​ The property is leased to Citibank N.​A.​, a wholly owned subsidiary of Citigroup (NYSE: C).​ Citibank exercised its first five (5) year option early exhibiting its commitment to this location.​

THE MARKET

Prominently located on East Arrow Highway, a major east-west thoroughfare, this site benefits from excellent visibility and direct frontage.​ The branch is adjacent to a CVS pharmacy anchored shopping center, amid an upper middle-class community.​ The surrounding community is home to over 300,000 people with an average household income of $120,000, within a 5-mile radius.​ The asset resides in the affluent city of Glendora, located 23 miles east of downtown Los Angeles.​

Take the next step on this property

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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.