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| Price $6,550,964 | Built/Renov 2017 | Tenant Chase Bank (GL) |
| Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,614
| Lease Start
10-01-2017
| #Units
5,100
|
| Price/SF $1,812.66 | Expiration
09-30-2037
| Tenant Type Bank/Financial |
| NOI $278,416 | R. Term 12.5 | Ownership Ground Lease |
| Rent/SF
$77.04
| Increases 2.5%/1/yrs | Pop 5Mi 169,671 |
| Lot/AC 0.53 | Options 4/5yrs/2.5% | AHHI 5Mi $87,310 |
| | |
This Chase Bank is well-positioned at the main intersection that connects the Costco-anchored center, the Strand at Town Center, and Simon Property Group’s St. John’s Center. Situated in St. John’s Town Center which welcomes over 16 million visitors per year, this site is within immediate proximity to I-295 (118,000 VPD) and Turner Butler Blvd. (128,500 VPD). The property benefits from being...
...Signalized intersection
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Annual rent increases
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 : | 12,145 | 80,948 | 207,493 |
| 2023 Total Population : | 11,400 | 77,431 | 200,808 |
| 2023 Employed Civilian Pop : | 7,553 | 44,080 | 110,940 |
| 2023 Total Businesses : | 904 | 4,460 | 11,507 |
| 2023 Average Household Income : | $ 106,452 | $ 95,189 | $ 93,479 |
| 2023 Total Consumer Spending : | $ 603 M | $ 2913 M | $ 7044 M |
| 2023 Median Age : | 34 | 33 | 36 |
| 2023 Total Households : | 6,466 | 34,941 | 86,480 |
| 2023 Pop Age 25+: Bachelor's Degree : | 3,735 | 17,927 | 40,796 |
| 2023 Average Home Value : | $ 344,665 | $ 321,847 | $ 339,112 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Gate Parkway | Shiloh Mill Blvd | 2021 | 17,000 | 0.12 mi |
| Gate Pkwy N | Skinner Lake Dr | 2010 | 33,412 | 0.22 mi |
| GORE GATE PKWAY | Gate Pkwy N | 2021 | 9,300 | 0.33 mi |
| GORE AT SR-202 WB | Gate Pkwy N | 2021 | 8,400 | 0.34 mi |
| GORE AT GATE PKWY | Gate Pkwy | 2021 | 8,600 | 0.39 mi |
| GORE AT SR-202 EB | Gate Pkwy | 2021 | 8,200 | 0.40 mi |
| Deerwood Park Blvd | Gate Pkwy N | 2010 | 16,138 | 0.52 mi |
| Butler Boulevard | Optima Way | 2021 | 120,500 | 0.60 mi |
| Town Center Parkway | Rivere Marsh Dr | 2021 | 42,500 | 0.64 mi |
| Butler Boulevard | River City Dr | 2021 | 123,000 | 0.67 mi |
Lake Forest, IL
Cap Rate 4.75%
Lease Abs NNN
R. Term 13.90 yrs
Size/SF 3,600
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
