| Price $4,991,250 | Built/Renov 2007 | Tenant Chase Bank (GL) |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,330
| Lease Start
05-29-2007
| #Units
5,100
|
| Price/SF $1,152.71 | Expiration
05-29-2037
| Tenant Type Bank/Financial |
| NOI $199,650 | R. Term 13.0 | Ownership Ground Lease |
| Rent/SF
$46.11
| Increases 5.0%/10/yrs | Pop 5Mi 143,945 |
| Lot/AC 1.48 | Options 5/5yrs/10% | AHHI 5Mi $111,251 |
| | |
Chase Bank is strategically positioned along South La Grange Road with clear visibility and access to more than 37,600 vehicles passing by daily. The property is also within proximity to 131st Street, an east-west thoroughfare with a traffic count of 13,800 vehicles per day. The subject property is surrounded by many national/credit tenants including ALDI, DaVita Dialysis, Walgreens, Circle K,...
...In location for years
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
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 | |
| 2027 Total Population : | 4,342 | 46,505 | 145,198 |
| 2022 Total Population : | 4,507 | 48,158 | 149,260 |
| 2022 Employed Civilian Pop : | 2,311 | 25,246 | 79,235 |
| 2022 Total Businesses : | 164 | 1,647 | 5,563 |
| 2022 Average Household Income : | $ 149,516 | $ 144,537 | $ 126,078 |
| 2022 Total Consumer Spending : | $ 220 M | $ 2260 M | $ 6154 M |
| 2022 Median Age : | 52 | 48 | 45 |
| 2022 Total Households : | 1,769 | 18,742 | 58,111 |
| 2022 Pop Age 25+: Bachelor's Degree : | 1,115 | 10,459 | 27,630 |
| 2022 Average Home Value : | $ 421,257 | $ 398,081 | $ 344,444 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 131st St | Mill Rd | 2014 | 13,800 | 0.22 mi |
| 131st St | Southmoor Dr | 2014 | 8,400 | 0.32 mi |
| West 131st Street | S Mill Rd | 2018 | 12,300 | 0.37 mi |
| 135th St | Howe Dr | 2014 | 6,500 | 0.38 mi |
| 96th Ave | 135th St | 2013 | 37,600 | 0.44 mi |
| Southwest Highway | 135th St | 2019 | 14,800 | 0.55 mi |
| West 135th Street | Southwest Hwy | 2018 | 8,350 | 0.60 mi |
| Southwest Hwy | 96th Ave | 2013 | 10,150 | 0.69 mi |
| West 131st Street | Southwest Hwy | 2018 | 10,500 | 0.70 mi |
| West 131st Street | Southwest Hwy | 2018 | 10,500 | 0.70 mi |
Londonderry, NH
Cap Rate 4.85%
Lease Abs NNN
R. Term 15.20 yrs
Size/SF 3,200
Hampton, VA
Cap Rate 4.75%
Lease Abs NNN
R. Term 15.40 yrs
Size/SF 3,322
San Antonio, TX
Cap Rate 4.75%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 5,240
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
