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JUST LISTED! Single Tenant Net Leased Bank for Sale

Pacific Coast Commercial, as exclusive listing agent, is pleased to offer the property located at 444 3rd Avenue, Chula Vista, CA 91910 for sale. The property consists of a +/- 5,063 Sq. Ft. Freestanding retail bank building with drive-thru on a 0.51-acre parcel on the hard corner of Third Avenue and Roosevelt Street. It is currently leased by California Bank & Trust on a Net Lease that is scheduled to expire on December 31, 2024. The Tenant pays for maintenance of the property and building, and the Landlord pays for the Property Taxes and building insurance, subject to pass-thru of increases to those costs above a 2020 Base Year, which protects the buyer from increases in those operating expenses.

The property is located within the Urban Core District of Chula Vista with redevelopment potential for multi-family or mixed-use development. California Bank & Trust does not have any options to extend the lease beyond the current term. Investors can buy and hold the property and then renew the current tenant, convert the lease to a full NNN lease, re-tenant the building, or redevelop the project into a higher density residential/mixed-use project. An Owner-User could buy and hold the building and move-in following the expiration of the current lease term.

Please reach out to our team with any questions. A Due Diligence Vault with additional financials, lease and other information is available to prospective buyers that sign and return the Confidentiality Agreement attached to this package.


Address: 444 Third Avenue, Chula Vista, CA 91910

Property Type: Freestanding Bank / Retail

Building Size: ± 5,063 Sq. Ft.

Land Area: ± 0.51 Acres (22,216 Sq. Ft.)

APN: 568-410-20-00

Sale Price: $3,300,000

2022 NOI: $157,059

Cap Rate: 4.76%

Occupancy: 100%

Tenant: California Trust & Bank

Lease: Net Lease

Lease Expiration 12/31/2024

Zoning City of Chula Vista UC-2 (Urban Core District)


  • Drive-Thru Bank

  • Abundant Onsite Parking - 28 Surface Spaces

  • Highly Visible Corner Location (15,477 VPD)

  • Very Walkable Location (Score of 87)

  • Easy Access to I-5 and I-805

Contact Agents for More Details (619) 469-3600

Bo Gibbons

Associate Vice President

Lic. 01367936

Lee Suryani

Senior Advisor-Sales & Leasing

Lic. 013848473

Liam Teer

Broker Associate

Lic. 02021260

The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information including zoning and use should be verified prior to purchase or lease.


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