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| Price $4,200,000 | Built/Renov 1987/2024 | Tenant Chase Bank |
| Cap Rate 5.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
4,700
| Lease Start
11-01-2024
| #Units
5,100
|
| Price/SF $893.62 | Expiration
10-31-2039
| Tenant Type Bank/Financial |
| NOI $210,000 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$44.68
| Increases 10.0%/5/yrs | Pop 5Mi 89,947 |
| Lot/AC 0.11 | Options 2/5yrs/10% | AHHI 5Mi $217,266 |
| | |
Chase Bank is strategically located on E Lancaster Avenue, with access to 24,900 vehicles daily. The property is adjacent to a Dunkin’ along Route 30, the oldest paved road in the country, which runs parallel to the historic Pennsylvania Railroad’s Main Line. The Main Line is an upscale area, home to some of the wealthiest communities in the country. The property is also in close proximity to...
...Recent renovation
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
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 | |
| 2029 Total Population : | 7,683 | 40,599 | 95,785 |
| 2024 Total Population : | 7,656 | 39,589 | 93,768 |
| 2024 Employed Civilian Pop : | 3,797 | 21,124 | 51,422 |
| 2024 Total Businesses : | 690 | 2,680 | 5,989 |
| 2024 Average Household Income : | $ 186,737 | $ 217,741 | $ 217,243 |
| 2024 Total Consumer Spending : | $ 487 M | $ 2839 M | $ 6668 M |
| 2024 Median Age : | 44 | 44 | 43 |
| 2024 Total Households : | 3,073 | 15,489 | 36,405 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,865 | 10,640 | 25,895 |
| 2024 Average Home Value : | $ 639,912 | $ 710,688 | $ 741,137 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
