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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 9 years remaining on its original lease with 10% increases every 5 years.
- Bank Deposits of $31.1 Million as of 6/30/2025.
- Excellent demographics with a 5-mile population of 521,389 and an average household income of $123,615
- 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
Landlord responsible for structural and load bearing portions of the building.
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
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
C
Year Built
1918
Price
$1,600,000
Price Per SF
$533.33
Cap Rate
5.50%
NOI
$88,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C2
Parking
8 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
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 traces roots to the Bank of the Manhattan Company, founded in 1799, and the Chase National Bank, founded in 1877, later becoming part of JPMorganChase. The company provides consumer banking, credit cards, mortgages, auto financing, small-business banking, commercial banking, and investing and retirement products. Chase serves customers through digital banking and a broad branch and ATM network across the United States, and operates as a major retail banking arm within JPMorganChase.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $26.66 | Triple Net | Mar 2035 |
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
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
Parcel Number
26-029-24-34-0155
Land Assessment
$115,900
Improvements Assessment
$569,100
Total Assessment
$685,000
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