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
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% |