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INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease – JPMorgan Chase Bank, N.A. (S&P: A+)
- Absolute NNN – Zero landlord responsibilities
- Long-Term Tenant – Chase has operated at this location for 19+ years
- High-Traffic, High-Performing Branch in a top retail corridor
EXECUTIVE SUMMARY
Prime single-tenant absolute NNN investment backed by JPMorgan Chase Bank (S&P: A+). Long-term occupancy of 19+ years, zero landlord responsibilities, and located in a high-traffic retail corridor with strong demographics.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
4,470 SF
Building Class
C
Year Built/Renovated
1975/2006
Price
$5,400,000
Price Per SF
$1,208.05
Cap Rate
5.11%
NOI
$276,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.75 AC
Zoning
C-1 - CR - Commercial Regional
Frontage
149’ on Central Ave
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1015-051-04 | Improvements Assessment | $2,780,000 |
| Land Assessment | $580,000 | Total Assessment | $3,360,000 |
PROPERTY TAXES
Parcel Number
1015-051-04
Land Assessment
$580,000
Improvements Assessment
$2,780,000
Total Assessment
$3,360,000
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12193 Central Ave
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