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Chase Bank 1100 Franklin Ave E 3,000 SF 100% Leased Retail Building Minneapolis, MN 55404 $1,600,000 ($533.33/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Chase Bank has 10 years remaining on its original lease with 10% increases every 5 years.
- Bank Deposits of $25.4 Million as of 6/30/2024.
- Excellent demographics with a 5-mile population of 515,581 and an average household income of $117,871.
- JPMorgan Chase Bank has an S&P Rating of AA- with over 4,700 branch locations and 15,000 ATMs.
- Located near many Interstates and Highways seeing upwards of 183,000 vehicles per day.
- Just a short distance away from downtown Minneapolis.
EXECUTIVE SUMMARY
Tenant shall take good care of interior and exterior premises and perform all necessary maintenance, repairs, and replacements. (See Lease.)
Bank deposits of $31.1 Million as of 6/30/2025.
7 Parking Stalls
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- $26.66
- Triple Net
- Mar 2035
Chase Bank, officially JPMorgan Chase Bank, N.A., is the consumer and commercial banking subsidiary of JPMorgan Chase & Co., the largest bank in the United States by assets. Its origins trace back to The Manhattan Company, founded in 1799, and Chase National Bank, established in 1877. The two merged in 1955 to form Chase Manhattan Bank, which later combined with J.P. Morgan & Co. in 2000 to create JPMorgan Chase & Co. Today, Chase provides a wide range of financial services, including retail banking, credit cards, mortgages, auto loans, and business banking. Headquartered at 270 Park Avenue in New York City, JPMorgan Chase operates globally and trades publicly on the NYSE under the ticker symbol JPM. The company employs over 317,000 people and manages assets exceeding $4 trillion. [en.wikipedia.org], [en.wikipedia.org], [bing.com]
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | - | $26.66 | Triple Net | Mar 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-029-24-34-0155 | Improvements Assessment | $569,100 |
| Land Assessment | $115,900 | Total Assessment | $685,000 |
PROPERTY TAXES
Presented by
Chase Bank | 1100 Franklin Ave E
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