Price $2,125,000 | Built/Renov 2023 | Tenant Chase Bank (GL) |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
3,293
| Lease Start
10-31-2023
| #Units
4,784
|
Price/SF $645.31 | Expiration
10-30-2043
| Tenant Type Bank/Financial |
NOI $85,000 | R. Term 19.10 | Ownership Ground Lease |
Rent/SF
$25.81
| Increases 10.0%/5/yrs | Pop 5Mi 65,361 |
Lot/AC 0.48 | Options 4/5yrs/10% | AHHI 5Mi $94,605 |
| |
This newly constructed Chase Bank is strategically located at the signalized, hard corner intersection of North Avenue and Mullen Road which sees a combined traffic count of 53,650 VPD. The subject property is located within a highly desirable retail corridor, surrounded by major nationals including Target, Home Depot, Kohl's, and many more. Additionally, it is located near I-49 with 58,350...
...New construction
Signalized intersection
High traffic 50M+ VPD
Freeway close
Hospital close
Top 100 MSA
Long 20+ 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. Chase...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 6,798 | 48,018 | 68,650 |
2023 Total Population : | 6,193 | 45,913 | 66,749 |
2023 Employed Civilian Pop : | 3,069 | 22,797 | 33,145 |
2023 Total Businesses : | 346 | 1,033 | 1,441 |
2023 Average Household Income : | $ 84,435 | $ 101,950 | $ 101,677 |
2023 Total Consumer Spending : | $ 186 M | $ 1601 M | $ 2281 M |
2023 Median Age : | 36 | 37 | 38 |
2023 Total Households : | 2,531 | 18,164 | 26,011 |
2023 Pop Age 25+: Bachelor's Degree : | 660 | 6,103 | 9,115 |
2023 Average Home Value : | $ 159,261 | $ 253,009 | $ 269,620 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Mullen Rd | Larkspur Cir | 2003 | 3,580 | 0.13 mi |
E North Ave | S Mullen Rd | 2019 | 31,477 | 0.15 mi |
East North Avenue | Apple Valley Pkwy | 2022 | 17,267 | 0.15 mi |
S Mullen Rd | Minnie Ave | 2003 | 6,690 | 0.19 mi |
US Hwy 71 | E 171st St | 2014 | 54,122 | 0.32 mi |
South Outer Road | E 171st St | 2022 | 2,060 | 0.34 mi |
E 171st St | 2022 | 15,790 | 0.35 mi | |
S Outer Rd | S Mullen Rd | 2019 | 31,893 | 0.41 mi |
E 171st St | 2022 | 15,429 | 0.43 mi | |
E 171st St | 2022 | 6,251 | 0.46 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]