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Views: 962 DOM: 166 Updated: 11.02.24 Posted: 06.10.24 Status: Active

Summary

Price $3,721,250
Built/Renov 1975
Tenant Chase Bank
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,176
Lease Start 02-23-1976
#Units 5,100
Price/SF $1,171.68
Expiration 10-31-2036
Tenant Type Bank/Financial
NOI $223,275
R. Term 11.11
Ownership Fee Simple
Rent/SF $70.30
Increases 10.0%/12/yrs
Pop 5Mi 253,663
Lot/AC 1.15
Options 2/5yrs/10%
AHHI 5Mi $94,633

Lease Highlights

  • Multi-decade operating history
  • Early 10-year lease extension through October 2036
  • Branch deposits of $80,987,000 | As of June 2023
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Chase Bank is strategically located at the signalized, hard corner intersection of Bardstown Road and Bashford Manor Lane, with access to a high daily traffic count of 50,342 vehicles. The property's proximity to Interstate 264, which sees 182,000 VPD, further enhances its accessibility. Additionally, it serves as an outparcel of a shopping center anchored by Lowe’s Home Improvement, Target,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase & Co.
  • # Units:5,100
  • 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....


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 13,988 98,544 252,688
2024 Total Population : 14,059 98,465 252,606
2024 Employed Civilian Pop : 7,634 49,514 134,161
2024 Total Businesses : 684 4,911 13,100
2024 Average Household Income : $ 77,973 $ 95,883 $ 99,337
2024 Total Consumer Spending : $ 423 M $ 3507 M $ 9829 M
2024 Median Age : 37 39 39
2024 Total Households : 6,086 41,532 112,584
2024 Pop Age 25+: Bachelor's Degree : 2,279 17,197 50,235
2024 Average Home Value : $ 235,948 $ 304,147 $ 322,602
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bardstown Rd Paris Dr 2010 36,880 0.07 mi
Bardstown Rd Paris Dr 2010 45,200 0.09 mi
2010 3,390 0.11 mi
Bashford Manor Lane Adele Ave 2022 11,059 0.17 mi
Bardstown Rd Buechel Byp 2010 38,190 0.17 mi
Bardstown Rd Heather Ln 2012 44,700 0.20 mi
US 31E;US 150 Bardstown Rd 2022 50,342 0.25 mi
Buechel Byp Hikes Ln 2010 27,780 0.27 mi
Bashford Manor Ln Mall Rd 2010 7,260 0.29 mi
Bardstown Rd Hikes Ln 2011 12,633 0.29 mi

Listing Broker

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