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Views: 128 DOM: 318 Updated: 11.25.24 Posted: 02.16.24 Status: Active

Summary

Price $4,150,000
Built/Renov 2004/2022
Tenant Chase Bank (GL)
Cap Rate 4.76%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,400
Lease Start 09-27-2022
#Units 5,100
Price/SF $1,220.59
Expiration 09-26-2037
Tenant Type Bank/Financial
NOI $197,500
R. Term 12.9
Ownership Ground Lease
Rent/SF $58.09
Increases 10.0%/3/yrs
Pop 5Mi 157,220
Lot/AC 0.61
Options 3/5yrs/10%
AHHI 5Mi $146,206

Lease Highlights

  • Chase Bank has 12+ years remaining on the current ground lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and each option period
  • 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 Liberia Ave and Signal Hill Rd., with a combined daily traffic count of 48,300 vehicles. The property is strategically located as an outparcel to Signal Hill Shopping Center, anchored by Fresh World Grocery and home to Chick-fil-A, Panera Bread, Glory Days Grill, Checkers, and more. The 5-mile trade area is...

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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
2028 Total Population : 12,166 90,367 159,672
2023 Total Population : 11,900 89,001 157,220
2023 Employed Civilian Pop : 6,638 48,559 86,120
2023 Total Businesses : 590 2,854 4,993
2023 Average Household Income : $ 133,966 $ 141,612 $ 146,206
2023 Total Consumer Spending : $ 498 M $ 3380 M $ 6230 M
2023 Median Age : 38 36 36
2023 Total Households : 4,365 28,071 50,123
2023 Pop Age 25+: Bachelor's Degree : 2,001 12,639 24,649
2023 Average Home Value : $ 454,651 $ 471,895 $ 521,401
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Signal Hill Road Richmond Ave 2018 6,000 0.04 mi
Signal Hill Rd Richmond Ave 2016 6,100 0.04 mi
Signal Hill Rd Richmond Ave 2007 6,000 0.12 mi
Liberia Avenue Signal Hill Rd 2018 36,000 0.18 mi
Liberia Ave Signal Hill Rd 2016 36,000 0.18 mi
Richmond Avenue Grays Mill Ct 2018 3,300 0.26 mi
Signal Hill Road Signal View Dr 2018 7,300 0.27 mi
Signal Hill Rd Signal View Dr 2016 7,300 0.27 mi
Janet Rose Ct Signal Hill Rd 2013 2,600 0.28 mi
Linden Wood Rd Lone Oak Ct 2010 2,000 0.30 mi

Listing Broker

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