loader
Join Free
Views: 991 DOM: 199 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 11.10
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,...

...

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....


...

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

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

my activity