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Views: 115 DOM: 552 Updated: 03.08.23 Posted: 11.14.22 Status: Contract

Summary

Price $2,585,000
Built/Renov 2013
Tenant Chase Bank (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,879
Lease Start 03-15-2022
#Units 5,100
Price/SF $666.41
Expiration 03-15-2033
Tenant Type Bank/Financial
NOI $103,400
R. Term 8.10
Ownership Ground Lease
Rent/SF $26.66
Increases 10.0%/5/yrs
Pop 5Mi 100,000
Lot/AC 0.67
Options 4/5yrs/10%
AHHI 5Mi $80,000

Lease Highlights

  • 10.4 years remain on a 20 year lease.
  • Low ground rent of $3.58/SF
  • Rental increase of 10% every 5 years.
  • Over $110+ million in deposits at this branch.

Location Description

The site is on a busy 39,000 VPD hard corner signalized intersection of a main retail corridor of the city.  Across the street are CVS and Walgreens. The Chase Bank location has high $110 million in deposits. Sun City Center is a dynamic South Central Florida area that of- fers its residents the finest of amenities, making it one of the most desirable communities in the country. It...

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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 : 6,915 47,893 105,446
2022 Total Population : 6,912 45,793 100,511
2022 Employed Civilian Pop : 1,194 14,524 41,058
2022 Total Businesses : 257 783 1,638
2022 Average Household Income : $ 68,902 $ 85,239 $ 95,202
2022 Total Consumer Spending : $ 255 M $ 1513 M $ 3156 M
2022 Median Age : 77 61 42
2022 Total Households : 4,272 20,468 38,405
2022 Pop Age 25+: Bachelor's Degree : 1,275 7,129 13,927
2022 Average Home Value : $ 227,753 $ 278,865 $ 300,228
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Pebble Beach Blvd Rickenbacker Dr 2016 10,100 0.04 mi
Sun City Center Blvd Trinity Lakes Dr 2012 34,000 0.28 mi
Sun City Center Boulevard Huxley Pl 2020 33,000 0.54 mi
Sun City Center Blvd del Webb Blvd E 2016 28,500 0.95 mi
N US Hwy 301 Sun City Center Blvd 2013 3,400 1.04 mi
N US Hwy 301 Sun City Center Blvd 2016 14,600 1.06 mi
Sun City Center Boulevard Sun City Center 2020 40,000 1.11 mi
Sun City Center Blvd Cortaro Dr 2016 37,000 1.22 mi
North Pebble Beach Boulevard Chickory Ln 2020 4,600 1.22 mi
N US Hwy 301 Valencia Grande Ave 2013 9,700 1.33 mi

Listing Broker

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