| Price $4,210,526 | Built/Renov 2023 | Tenant Chase Bank (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,500
| Lease Start
10-01-2023
| #Units
5,100
|
| Price/SF $1,269.84 | Expiration
10-01-2038
| Tenant Type Bank/Financial |
| NOI $200,000 | R. Term 14.4 | Ownership Ground Lease |
| Rent/SF
$57.14
| Increases 10.0%/5/yrs | Pop 5Mi 65,936 |
| Lot/AC 0.99 | Options 4/5yrs/12.5% | AHHI 5Mi $184,865 |
| | |
Chase Bank is strategically located on Washington Street, with access to 25,212 vehicles passing by daily. The property serves as a pad site to Hanover Crossing, a neighborhood shopping center located along the primary retail corridor. Prominent national retailers WITHIN Hanover Crossing include Dick’s Sporting Goods, Trader Joe’s, Macy’s, and Market Basket. Additionally, the site benefits...
...New construction
Hard corner intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
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 : | 2,775 | 23,489 | 66,589 |
| 2023 Total Population : | 2,180 | 22,607 | 65,639 |
| 2023 Employed Civilian Pop : | 1,138 | 12,079 | 35,072 |
| 2023 Total Businesses : | 269 | 1,525 | 3,672 |
| 2023 Average Household Income : | $ 185,372 | $ 205,398 | $ 185,675 |
| 2023 Total Consumer Spending : | $ 117 M | $ 1338 M | $ 3657 M |
| 2023 Median Age : | 46 | 45 | 45 |
| 2023 Total Households : | 762 | 7,841 | 23,558 |
| 2023 Pop Age 25+: Bachelor's Degree : | 492 | 5,738 | 15,474 |
| 2023 Average Home Value : | $ 640,993 | $ 679,162 | $ 673,822 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Beechnut Cir | 2022 | 2,757 | 0.21 mi | |
| WOODLAND DRIVE | Beechnut Cir | 2021 | 2,760 | 0.21 mi |
| Woodland Drive | Beechnut Cir | 2018 | 2,999 | 0.21 mi |
| Washington St | Woodland Dr | 2006 | 26,600 | 0.22 mi |
| Pilgrim's Hwy | Washington St | 2003 | 60,900 | 0.34 mi |
| RAMP-RT 3 SB TO RT 53 | Washington St | 2021 | 10,665 | 0.41 mi |
| Washington St | 2022 | 10,857 | 0.41 mi | |
| Washington St | 2022 | 4,904 | 0.42 mi | |
| RAMP-RT 53 TO RT 3 SB | 2020 | 4,372 | 0.42 mi | |
| Pilgrim's Hwy | 2022 | 10,370 | 0.45 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
