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| Price $4,615,000 | Built/Renov 2023 | Tenant Chase Bank (GL) |
| Cap Rate 4.55% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,412
| Lease Start
11-01-2022
| #Units
4,784
|
| Price/SF $1,352.58 | Expiration
10-31-2037
| Tenant Type Bank/Financial |
| NOI $210,000 | R. Term 12.9 | Ownership Ground Lease |
| Rent/SF
$61.55
| Increases 10.0%/5/yrs | Pop 5Mi 111,900 |
| Lot/AC 1.05 | Options 4/5yrs/10% | AHHI 5Mi $74,789 |
| | |
Chase Bank is positioned with excellent access and visibility on a hard corner at the signalized intersection of Goodman Road West (40,000 VPD) and Southcrest Parkway (7,900 VPD), where it is less than a mile east of the on-ramp to I-69 (85,000 VPD). The property is strategically located as an outparcel to a Walmart-anchored shopping center, which is further occupied by O’Charley’s, IHOP, and...
...New construction
Signalized intersection
Hard corner intersection
Near major nationals
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
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 | |
| 2027 Total Population : | 2,824 | 51,146 | 113,717 |
| 2022 Total Population : | 2,828 | 50,074 | 111,900 |
| 2022 Employed Civilian Pop : | 1,437 | 25,188 | 55,856 |
| 2022 Total Businesses : | 513 | 1,918 | 3,189 |
| 2022 Average Household Income : | $ 61,146 | $ 70,777 | $ 74,789 |
| 2022 Total Consumer Spending : | $ 63 M | $ 1191 M | $ 2714 M |
| 2022 Median Age : | 34 | 35 | 35 |
| 2022 Total Households : | 1,201 | 19,466 | 42,127 |
| 2022 Pop Age 25+: Bachelor's Degree : | 310 | 4,485 | 10,357 |
| 2022 Average Home Value : | $ 169,899 | $ 186,351 | $ 198,041 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Hwy 302 | Southcrest Pkwy | 2018 | 39,000 | 0.11 mi |
| Southcrest Pkwy | 302 Industrial Dr | 2015 | 10,000 | 0.18 mi |
| 2018 | 7,400 | 0.19 mi | ||
| 2018 | 8,400 | 0.19 mi | ||
| Southcrest Parkway | Market Plz | 2018 | 11,000 | 0.20 mi |
| 2018 | 12,000 | 0.25 mi | ||
| 2018 | 4,500 | 0.30 mi | ||
| 2018 | 4,100 | 0.32 mi | ||
| 2018 | 18,000 | 0.37 mi | ||
| Hwy 302 | Malco Blvd | 2015 | 39,000 | 0.38 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
