The subject property benefits from prominent retail location adjacent to a Safeway and CVS-anchored retail center with excellent access and visibility along 11th Street (11,500 AADT) in close proximity to its junction with CA-29. The site benefits from robust demographics with a total daytime population of 12,798 within a 5 mile radius and average household income of $90,170 within 1 mile of the site. Other retail tenants in the surrounding area include Grocery Outlet, Dollar Tree, Dollar General, and more.
This branch of Umpqua bank holds approximately $127 million in deposits and has the highest level of deposits of Umpqua Bank branches in the county. Countywide, Umpqua Bank has the second-highest deposit market share of the 11 banks operating in the county.
Lakeport (population 5,026) is the seat of Lake County, California, and is located on the western shore of Clear Lake, California’s largest wholly freshwater lake and the oldest lake in North America. The city is located approximately 125 miles north of Sacramento. Lakeport and the surrounding area are a popular tourist destination due to the lake’s large population of largemouth bass and popular watersports, including swimming, waterskiing, wakeboarding, boat races, and jet skiing.