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Investment Highlights

  • 15 Year NNN Ground Lease
  • Rent Commencement of 4/1/2026
  • New Construction
  • Located across the street from Publix

Executive Summary

Chase Bank ground lease for new construction of a 2,290 SF freestanding building on 1.1 AC with scheduled opening/commencement date of April 1, 2026

Financial Summary (Actual - 2026)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $140,000 $61.14

Financial Summary (Actual - 2026)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $140,000
Annual Per SF $61.14

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,290 SF
Building Class
C
Year Built
2006
Price
$3,500,000
Price Per SF
$1,528.38
Cap Rate
4%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
C-1 - Neighborhood Commercial zone allowing small-scale retail, services, and community-oriented businesses.
Parking
26 Spaces (11.35 Spaces per 1,000 SF Leased)
Frontage
178’ on Colonial Dr

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 2,290 SF
  • $61.14
  • Triple Net
  • Dec 2040

Chase Bank serves as the consumer and commercial banking division of JPMorgan Chase. The institution originated in 1799 when Aaron Burr established The Manhattan Company in New York City. Over two centuries, it evolved through mergers with entities like Chase National Bank (1955) and J.P. Morgan (2000). Today, the bank provides extensive financial services including personal banking, credit cards, mortgages, auto loans, and investment products. Business offerings encompass commercial banking, lending, and payment processing solutions. While maintaining a significant physical branch network, Chase also emphasizes digital platforms for modern customer needs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance 2,290 SF $61.14 Triple Net Dec 2040

Nearby Major Retailers

Publix
Fifth Third Bank
Zaxby's

Property Taxes

Property Taxes

Parcel Number
20-2232-4910-00-021
Land Assessment
$1,272,154 (2025)
Improvements Assessment
$798,890 (2025)
Total Assessment
$1,272,154 (2025)
  • Listing ID: 30850228

  • Date on Market: 2/2/2024

  • Last Updated:

  • Address: 16884 E Colonial Dr, Orlando, FL 32820

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