loader
Join Free
Views: 75 Updated: 03.02.24 Posted: 09.19.23 Status: Sold

Summary

Price $2,930,000 $3,111,000
Built/Renov 2022
Tenant Chase Bank (GL)
Cap Rate 4.78% 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,576
Lease Start 12-01-2021
#Units 4,784
Price/SF $819.35 $869.97
Expiration 11-30-2041
Tenant Type Bank/Financial
NOI $140,000
R. Term 17.4
Ownership Ground Lease
Rent/SF $39.15
Increases 10.0%/4/yrs
Pop 5Mi 190,252
Lot/AC 0.85
Options 3/5yrs/10%
AHHI 5Mi $57,958

Lease Highlights

  • New 2022 construction
  • Chase Bank currently has over 18 years remaining on the current lease term with 2 (5-year) and 1 (4-years 11 months) options to extend
  • The ground lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by JPMorgan Chase & Co. (NYSE: CVX)

Location Description

This Chase bank is conveniently located in front of an In-Shape and Pet Smart anchored shopping center, with excellent exposure and visibility on Oswell St. (34,000 VPD), and immediately off of Hwy. 178 (40,250 VPD). Additional center tenants include Banfield Pet Hospital, Domino’s Pizza, Goodwill, and U.S. Bank, creating strong tenant synergy and high consumer traffic to the area. Neighboring...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase & Co.
  • # Units:4,784
  • 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. Chase...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 16,222 115,537 201,394
2023 Total Population : 16,409 114,770 198,918
2023 Employed Civilian Pop : 7,033 42,097 70,959
2023 Total Businesses : 368 2,161 6,610
2023 Average Household Income : $ 94,746 $ 69,500 $ 67,065
2023 Total Consumer Spending : $ 447 M $ 2072 M $ 3623 M
2023 Median Age : 36 30 30
2023 Total Households : 5,445 34,094 61,717
2023 Pop Age 25+: Bachelor's Degree : 1,607 5,743 9,959
2023 Average Home Value : $ 388,041 $ 312,020 $ 303,995
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Oswell St Mall View Rd 2017 33,180 0.02 mi
Oswell St Sill Pl 2007 17,247 0.10 mi
178 2018 40,000 0.13 mi
Oswell Street 2021 40,750 0.14 mi
Oswell St State Hwy178 2017 27,895 0.19 mi
Auburn St Maywood Dr 2017 10,325 0.23 mi
Oswell St Pico Ave 2017 27,809 0.25 mi
Auburn St Oswell St 2012 10,611 0.26 mi
Oswell St Auburn St 2004 23,200 0.27 mi
Auburn St Catalina Dr 2009 18,651 0.31 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity