| Price $6,368,420 | Built/Renov 2018 | Tenant Chase Bank (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,600
| Lease Start
12-11-2018
| #Units
5,100
|
| Price/SF $1,769.01 | Expiration
12-31-2038
| Tenant Type Bank/Financial |
| NOI $302,500 | R. Term 14.7 | Ownership Ground Lease |
| Rent/SF
$84.03
| Increases 10.0%/5/yrs | Pop 5Mi 100,933 |
| Lot/AC 0.95 | Options 3/5yrs/10% | AHHI 5Mi $214,240 |
| | |
This Chase Bank is strategically located along S. Waukegan Rd. which sees an average of 17,200 VPD. The property is situated adjacent to the METRA North line that takes commuters to and from downtown Chicago. The town of Lake Forest is one of the wealthiest towns in America, boasting an AHHI of over $384,000 within one mile of this site. The site benefits from an abundance of major...
...Signalized intersection
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Long 15+ yr lease
Absolute NNN
Traded and rated company
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 : | 3,075 | 28,949 | 108,580 |
| 2023 Total Population : | 3,070 | 29,294 | 108,534 |
| 2023 Employed Civilian Pop : | 1,255 | 13,068 | 52,929 |
| 2023 Total Businesses : | 126 | 1,548 | 6,588 |
| 2023 Average Household Income : | $ 301,131 | $ 277,855 | $ 222,883 |
| 2023 Total Consumer Spending : | $ 275 M | $ 2240 M | $ 7459 M |
| 2023 Median Age : | 50 | 48 | 46 |
| 2023 Total Households : | 1,120 | 9,851 | 40,370 |
| 2023 Pop Age 25+: Bachelor's Degree : | 888 | 7,650 | 29,387 |
| 2023 Average Home Value : | $ 1,045,466 | $ 879,577 | $ 673,004 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Waukegan Rd | Gloucester Xing | 2013 | 12,000 | 0.04 mi |
| S Waukegan Rd | Coventry Dr | 2007 | 21,000 | 0.16 mi |
| W Everett Rd | Telegraph Rd | 2011 | 6,850 | 0.16 mi |
| Coventry Dr | S Waukegan Rd | 2001 | 20,600 | 0.17 mi |
| S Waukegan Rd | Coventry Dr | 2009 | 16,100 | 0.23 mi |
| W Everett Rd | Mar LnDr | 2004 | 8,900 | 0.26 mi |
| S Waukegan Rd | Franz Dr | 2013 | 10,200 | 0.29 mi |
| Telegraph Rd | Bridgeview Ln | 2007 | 2,650 | 0.29 mi |
| Conway Rd | Leland Ct | 2011 | 1,900 | 0.31 mi |
| S Waukegan Rd | Lynette Dr | 2009 | 14,400 | 0.37 mi |
Scottsdale, AZ
Cap Rate 5.00%
Lease Abs NNN
R. Term 9.90 yrs
Size/SF 4,500
Jacksonville, FL
Cap Rate 4.25%
Lease Abs NNN
R. Term 13.40 yrs
Size/SF 3,614
Fort Lauderdale, FL
Cap Rate 5.00%
Lease NN+
R. Term 15.50 yrs
Size/SF 2,800
Westminster, CA
Cap Rate 5.25%
Lease Abs NNN
R. Term 2.90 yrs
Size/SF 14,774
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
