Chase Bank

14011 Beach Boulevard, Westminster, CA 92683

$6,339,800

Cap Rate 5.25%

Views: 12 DOM: 22 Updated: 05.14.24 Posted: 04.27.24 Status: Active

Summary

Price $6,339,800	Built/Renov 1963	Tenant Chase Bank
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 14,774	Lease Start 08-04-1989	#Units 5,100
Price/SF $429.12	Expiration 02-28-2027	Tenant Type Bank/Financial
NOI $332,907	R. Term 2.9	Ownership Fee Simple
Rent/SF $22.53	Increases 10.0%/3/yrs	Pop 5Mi 251,764
Lot/AC 1.05	Options 4/5yrs/10%	AHHI 5Mi $117,622

Dan Riley

CBRE: NLPG South Bay

Contact

Lease Highlights

Chase Bank has been operating in this location since 1989
The tenant has 2+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Top performing branch | Strong deposits & multiple business units
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Chase Bank is strategically located at the signalized, hard corner intersection of Beach Blvd and Westminster Blvd, with access to a substantial combined daily traffic count of 110,000 vehicles. The property offers convenient access via multiple ingress/egress driveways on both streets. Additionally, it is surrounded by well-known national tenants such as Walgreens and Wells Fargo. The 5-mile...

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Key Features

Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Top 100 MSA
Strong demographics
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Chase Bank Wikipedia Chase Bank Wikipedia Westminster, California Zip Code 92683 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chase Bank
Guarantor:Corp T and Rated
Company:JPMorgan Chase & Co.
# Units:5,100
Tenant S&P: A-
Moody’s: A1
Stock: NYSE: JPM

About Tenant

JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank. Founded in 1877, The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000....

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	36,274	253,740	636,013
2023 Total Population :	36,346	251,764	635,981
2023 Employed Civilian Pop :	15,706	121,094	311,374
2023 Total Businesses :	1,089	11,658	25,371
2023 Average Household Income :	$ 83,893	$ 117,622	$ 121,325
2023 Total Consumer Spending :	$ 755 M	$ 7620 M	$ 20126 M
2023 Median Age :	38	39	38
2023 Total Households :	10,553	76,637	195,815
2023 Pop Age 25+: Bachelor's Degree :	3,969	38,621	98,332
2023 Average Home Value :	$ 708,836	$ 792,177	$ 822,325

*ESRI data is presented for informational purposes only

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