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| Price $2,420,000 | Built/Renov 2023 | Tenant Chase Bank (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,350
| Lease Start
12-26-2023
| #Units
5,100
|
| Price/SF $722.39 | Expiration
12-31-2043
| Tenant Type Bank/Financial |
| NOI $115,000 | R. Term 18.11 | Ownership Ground Lease |
| Rent/SF
$34.33
| Increases 10.0%/5/yrs | Pop 5Mi 152,692 |
| Lot/AC 0.67 | Options 4/5yrs/10% | AHHI 5Mi $103,821 |
| | |
Chase Bank is strategically located on Shawnee Mission Parkway, the primary east/west thoroughfare, with access to 35,000 vehicles passing by daily. Its proximity to I-435 on/off ramps, experiencing a traffic count of 76,000 vehicles per day, further enhances accessibility. The property serves as a pad to a Target and Kohl’s anchored shopping center, surrounded by well-known national retailers...
...New construction
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
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 | |
| 2028 Total Population : | 5,965 | 58,820 | 155,949 |
| 2023 Total Population : | 5,945 | 57,623 | 153,079 |
| 2023 Employed Civilian Pop : | 3,465 | 32,876 | 87,017 |
| 2023 Total Businesses : | 218 | 1,905 | 6,702 |
| 2023 Average Household Income : | $ 95,864 | $ 120,204 | $ 111,667 |
| 2023 Total Consumer Spending : | $ 230 M | $ 2506 M | $ 6075 M |
| 2023 Median Age : | 35 | 40 | 38 |
| 2023 Total Households : | 2,761 | 24,353 | 63,232 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,347 | 13,946 | 34,509 |
| 2023 Average Home Value : | $ 411,830 | $ 366,305 | $ 335,967 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Shawnee Mission Parkway | Lackman Rd | 2021 | 33,647 | 0.05 mi |
| Shawnee Mission Parkway | Shawnee Mission Pkwy | 2018 | 33,970 | 0.07 mi |
| Maurer Rd | W 65th St | 2004 | 10,640 | 0.28 mi |
| Lackman Road | W 65th St | 2021 | 8,716 | 0.31 mi |
| Lackman Road | W 64th Ter | 2018 | 8,800 | 0.32 mi |
| Lackman Rd | Church Rd | 2010 | 8,525 | 0.34 mi |
| Maurer Road | W 67th St | 2018 | 4,410 | 0.35 mi |
| West 63rd Street | Swarner Dr | 2021 | 1,125 | 0.41 mi |
| Lackman Road | W 71st Ter | 2021 | 8,835 | 0.43 mi |
| Shawnee Mission Parkway | Lind Rd | 2021 | 39,530 | 0.45 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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