Wells Fargo

This freestanding Wells Fargo branch at 46020 Monroe Street offers a single-tenant net-leased investment at the signalized intersection of Highway 111 and Monroe Street in Indio. The approximately 6,000 SF building sits on 0.26 acres and includes 12 surface parking spaces, a drive-through ATM, 78 feet of frontage, and permitted building and monument signage. Traffic counts range from approximately 18,297 to 25,000 vehicles per day. Wells Fargo has operated at the location for more than 40 years, with the branch reporting over $155 million in deposits and more than 200,000 annual visits.

The corporate-guaranteed NNN lease runs through May 31, 2027 and includes two additional five-year renewal options. Current annual rent and NOI are $198,360. Under the lease, the tenant is responsible for taxes, insurance, utilities, maintenance, and repairs, including structural obligations. The property is positioned within the Indio Grand Marketplace retail corridor near In-N-Out Burger and Chevron, providing strong visibility and established consumer traffic.