Chase Bank (Ground Lease)

Chase Bank

Chase3
Chase2
West Palm Beach2
West Palm Beach
West Palm Beach3
CHASE BANK (Ground Lease)
Palm Beach County, FL

PRICE $2,177,818
GLA 4,800 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 5.50%
LEASE TYPE NNN
LEASE EXPIRATION Dec. 2021
YEAR BUILT 1972
DEMOGRAPHICS
Total Population
1 – mi. – 25,238
3 – mi. – 139,709
5 – mi. – 318,159
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Free Standing NNN Lease to Chase Bank with Drive-Thru.
  • Outparcel to a 130K SF Sears Outlet Shopping Center.
  • Property was built to suit the tenant in 1972.
  • Excellent visibility with 40K Vehicles Per Day.
  • Tenant recently extended their lease through 2021.
  • 3(5) year options with a 12.5% increase in rent at each option period.

City:Palm Beach County
State:FL
Square Feet:4,800 SF
Price:$2,395,598
Cap Rate:5.0%

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