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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
JPMorgan Chase is a leading global financial services firm with a diversified portfolio of banking, investment, and asset management services. The company traces its roots back to 1799 and was officially formed through the merger of J.P. Morgan & Co. and Chase Manhattan Bank in 2000. Headquartered in New York, JPMorgan Chase operates across multiple business segments, including consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The firm serves millions of consumers, small businesses, corporations, and governments worldwide. It is publicly traded on the New York Stock Exchange under the ticker symbol JPM. Over the years, JPMorgan Chase has played a significant role in major financial transactions and market developments, maintaining a strong presence in global capital markets.
| 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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