Price $2,333,000 | Built/Renov 1999/2023 | Tenant Chase Bank (GL) |
Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
3,189
| Lease Start
09-01-2023
| #Units
4,784
|
Price/SF $731.58 | Expiration
09-01-2038
| Tenant Type Bank/Financial |
NOI $104,975 | R. Term 14.8 | Ownership Ground Lease |
Rent/SF
$32.92
| Increases 10.0%/5/yrs | Pop 5Mi 113,028 |
Lot/AC 1.01 | Options 3/5yrs/10% | AHHI 5Mi $89,167 |
| |
Chase Bank is strategically fronting Highway 412 with traffic counts of 43,000 vehicles passing per day. The subject property is 1 mile from Interstate 49, providing direct on/off ramp access for travelers. The immediate trade area is supported by national/credit tenants such as Harps Food, Walgreens, Chick-fil-A, Starbucks, and more. It is also down the street from a top-ranking Lowe’s by...
...New construction
Signalized intersection
Near major nationals
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
New development zone
Brand new lease
Absolute NNN
Traded and rated company
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. Chase...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 8,958 | 65,391 | 120,529 |
2023 Total Population : | 8,532 | 62,874 | 114,182 |
2023 Employed Civilian Pop : | 3,957 | 29,887 | 56,013 |
2023 Total Businesses : | 469 | 2,587 | 4,648 |
2023 Average Household Income : | $ 76,386 | $ 86,130 | $ 96,202 |
2023 Total Consumer Spending : | $ 199 M | $ 1609 M | $ 3303 M |
2023 Median Age : | 34 | 33 | 33 |
2023 Total Households : | 2,988 | 21,391 | 39,348 |
2023 Pop Age 25+: Bachelor's Degree : | 886 | 6,134 | 13,018 |
2023 Average Home Value : | $ 215,207 | $ 268,991 | $ 299,769 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Carley Rd | W Sunset Ave | 2011 | 5,800 | 0.14 mi |
South Gutensohn Road | Pin Oak Dr | 2021 | 9,400 | 0.14 mi |
W Sunset Ave | Dorman St | 2008 | 23,810 | 0.25 mi |
Carley Road | Spring Meadows | 2021 | 5,000 | 0.26 mi |
Johnson Road | W Sunset Ave | 2021 | 9,700 | 0.37 mi |
W Sunset Ave | Janet St | 2008 | 20,010 | 0.43 mi |
Johnson Rd | Henryetta St | 2008 | 6,960 | 0.46 mi |
Johnson Rd | Henryetta St | 2008 | 6,230 | 0.50 mi |
Henryetta St | Johnson Rd | 2008 | 1,990 | 0.52 mi |
South 40th Street | Elliott Ave | 2021 | 11,000 | 0.64 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]