| Price $2,666,667 | Built/Renov 2023 | Tenant Chase Bank (GL) |
| Cap Rate 5.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,295
| Lease Start
02-17-2023
| #Units
5,100
|
| Price/SF $809.31 | Expiration
02-28-2038
| Tenant Type Bank/Financial |
| NOI $140,000 | R. Term 13.9 | Ownership Ground Lease |
| Rent/SF
$42.49
| Increases 10.0%/4/yrs | Pop 5Mi 264,376 |
| Lot/AC 0.39 | Options 4/5yrs/10% | AHHI 5Mi $108,923 |
| | |
Chase Bank is strategically located at the signalized, hard corner intersection of Newport Avenue and Armistice Blvd., with access to a combined daily traffic count of 27,100 vehicles. The property boasts outstanding frontage and visibility along two strong commercial corridors, featuring numerous businesses, national tenants, and professional centers. Additionally, the property benefits from...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade 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....
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 22,498 | 126,739 | 273,269 |
| 2023 Total Population : | 22,549 | 125,826 | 271,227 |
| 2023 Employed Civilian Pop : | 12,803 | 63,109 | 136,862 |
| 2023 Total Businesses : | 506 | 3,385 | 9,687 |
| 2023 Average Household Income : | $ 91,410 | $ 89,222 | $ 102,377 |
| 2023 Total Consumer Spending : | $ 742 M | $ 3948 M | $ 9494 M |
| 2023 Median Age : | 41 | 38 | 37 |
| 2023 Total Households : | 9,435 | 51,124 | 107,491 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,554 | 14,645 | 36,331 |
| 2023 Average Home Value : | $ 350,681 | $ 386,947 | $ 414,011 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Newport Ave | Evergreen St | 2011 | 21,000 | 0.09 mi |
| Newport Avenue | Peckham St | 2018 | 23,073 | 0.14 mi |
| Armistice Blvd | Orient Ave | 2008 | 10,900 | 0.24 mi |
| Armistice Boulevard | Orient Ave | 2018 | 17,561 | 0.25 mi |
| Armistice Boulevard | Orient Ave | 2018 | 12,117 | 0.49 mi |
| Armistice Blvd | Wilton Ave | 2003 | 9,100 | 0.52 mi |
| Newport Ave | Belgrade Ave | 2009 | 12,800 | 0.54 mi |
| Newport Ave | Loring Pkwy | 2008 | 13,200 | 0.58 mi |
| Columbus Avenue | 1st St | 2018 | 7,612 | 0.59 mi |
| Armistice Boulevard | Orient Ave | 2018 | 9,630 | 0.62 mi |
Richfield, MN
Cap Rate 5.00%
Lease Abs NNN
R. Term 16.70 yrs
Size/SF 3,720
Foxborough, MA
Cap Rate 6.00%
Lease NN+
R. Term 8.11 yrs
Size/SF 3,600
Burnsville, MN
Cap Rate 4.75%
Lease Abs NNN
R. Term 2.90 yrs
Size/SF 4,489
Shawnee, KS
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.70 yrs
Size/SF 3,350
Milton, GA
Cap Rate 4.49%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 3,356
Wendell, NC
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.11 yrs
Size/SF 2,700
Tupelo, MS
Cap Rate 5.35%
Lease Abs NNN
R. Term 6.50 yrs
Size/SF 10,834
Lansing, IL
Cap Rate 5.00%
Lease Abs NNN
R. Term 6.90 yrs
Size/SF 4,214
Cherry Hill, NJ
Cap Rate 6.00%
Lease Abs NNN
R. Term 12.60 yrs
Size/SF 3,372
Bakersfield, CA
Cap Rate 5.40%
Lease Abs NNN
R. Term 10.11 yrs
Size/SF 5,491
Austin, TX
Cap Rate 5.00%
Lease Abs NNN
R. Term 1.60 yrs
Size/SF 4,200
Durham, NC
Cap Rate 4.50%
Lease Abs NNN
R. Term 19.90 yrs
Size/SF 2,778
Omaha, NE
Cap Rate 4.51%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 3,500
Saint Anthony, MN
Cap Rate 4.40%
Lease Abs NNN
R. Term 14.30 yrs
Size/SF 3,366
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
