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| Price $4,300,000 | Built/Renov 2024 | Tenant Chase Bank (GL) |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,322
| Lease Start
10-01-2024
| #Units
5,100
|
| Price/SF $1,294.40 | Expiration
09-30-2039
| Tenant Type Bank/Financial |
| NOI $215,000 | R. Term 14.9 | Ownership Ground Lease |
| Rent/SF
$64.72
| Increases 10.0%/5/yrs | Pop 5Mi 199,601 |
| Lot/AC 0.80 | Options 4/5yrs/10% | AHHI 5Mi $81,938 |
| | |
Chase Bank is strategically located at the signalized, hard corner intersection of W. Mercury Boulevard and Coliseum Drive, a primary retail and commuter junction, with access to a combined daily traffic count of 96,400 vehicles. The property is an outparcel to Peninsula Town Center, a massive mixed-use center that is the #3 most visited lifestyle center in Virginia, attracting over 7.3...
...New construction
Signalized intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
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 : | 12,816 | 83,511 | 199,411 |
| 2023 Total Population : | 12,529 | 83,293 | 199,601 |
| 2023 Employed Civilian Pop : | 6,085 | 39,091 | 90,846 |
| 2023 Total Businesses : | 749 | 2,636 | 4,951 |
| 2023 Average Household Income : | $ 74,365 | $ 78,788 | $ 81,938 |
| 2023 Total Consumer Spending : | $ 431 M | $ 2514 M | $ 5935 M |
| 2023 Median Age : | 33 | 38 | 37 |
| 2023 Total Households : | 6,572 | 36,651 | 83,344 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,716 | 10,115 | 23,532 |
| 2023 Average Home Value : | $ 248,034 | $ 261,915 | $ 276,885 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W Mercury Blvd | Coliseum Dr | 2016 | 61,000 | 0.07 mi |
| Coliseum Dr | Von Schilling Dr | 2013 | 25,357 | 0.09 mi |
| W Mercury Blvd | Coliseum Dr | 2016 | 61,000 | 0.10 mi |
| West Mercury Boulevard | I- 64 | 2018 | 62,000 | 0.14 mi |
| West Mercury Boulevard | I- 64 | 2020 | 53,000 | 0.14 mi |
| West Mercury Boulevard | Riverdale Dr | 2021 | 57,000 | 0.14 mi |
| I- 64 | 2018 | 6,100 | 0.17 mi | |
| I- 64 | 2021 | 11,000 | 0.20 mi | |
| Coliseum Dr | Von Schilling Dr | 2011 | 21,000 | 0.21 mi |
| W Mercury Blvd | Enfield Dr | 2013 | 42,943 | 0.22 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
