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Views: 26 DOM: 93 Updated: 04.22.24 Posted: 02.16.24 Status: Active

Summary

Price $4,150,000
Built/Renov 2004/2022
Tenant Chase Bank (GL)
Cap Rate 4.76%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,400
Lease Start 09-27-2022
#Units 5,100
Price/SF $1,220.59
Expiration 09-26-2037
Tenant Type Bank/Financial
NOI $197,500
R. Term 13.4
Ownership Ground Lease
Rent/SF $58.09
Increases 10.0%/3/yrs
Pop 5Mi 157,220
Lot/AC 0.61
Options 3/5yrs/10%
AHHI 5Mi $146,206

Lease Highlights

  • Chase Bank has 13+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Chase Bank is strategically located at the signalized, hard corner intersection of Liberia Ave and Signal Hill Rd., with a combined daily traffic count of 48,300 vehicles. The property is strategically located as an outparcel to Signal Hill Shopping Center, anchored by Fresh World Grocery and home to Chick-fil-A, Panera Bread, Glory Days Grill, Checkers, and more. The 5-mile trade area is...

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Maps

  • 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
2027 Total Population : 12,746 91,701 161,501
2022 Total Population : 12,011 89,583 158,129
2022 Employed Civilian Pop : 6,339 45,696 81,820
2022 Total Businesses : 632 2,998 5,236
2022 Average Household Income : $ 125,462 $ 131,713 $ 138,798
2022 Total Consumer Spending : $ 461 M $ 3121 M $ 5880 M
2022 Median Age : 38 36 36
2022 Total Households : 4,350 28,064 50,178
2022 Pop Age 25+: Bachelor's Degree : 1,933 12,264 23,468
2022 Average Home Value : $ 407,901 $ 417,443 $ 463,710
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Signal Hill Road Richmond Ave 2018 6,000 0.04 mi
Signal Hill Rd Richmond Ave 2016 6,100 0.04 mi
Signal Hill Rd Richmond Ave 2007 6,000 0.12 mi
Liberia Avenue Signal Hill Rd 2018 36,000 0.18 mi
Liberia Ave Signal Hill Rd 2016 36,000 0.18 mi
Richmond Avenue Grays Mill Ct 2018 3,300 0.26 mi
Signal Hill Road Signal View Dr 2018 7,300 0.27 mi
Signal Hill Rd Signal View Dr 2016 7,300 0.27 mi
Janet Rose Ct Signal Hill Rd 2013 2,600 0.28 mi
Linden Wood Rd Lone Oak Ct 2010 2,000 0.30 mi

Listing Broker

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