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Chase Bank 30500 US Highway 19 N 4,242 SF Retail Building Palm Harbor, FL 34684 $3,157,895 ($744.44/SF) 4.75% Cap Rate
Investment Highlights
- Absolute NNN ground lease with zero landlord obligations.
- Prime hard corner location at US Highway 19 and Curlew Road with over 104,000 VPD.
- Located in an affluent, high-demand trade area with strong retail co-tenancy.
- Investment secured by JPMorgan Chase Bank, N.A., an Aa2-rated credit tenant.
- Contractual 10% rent increases at each renewal option through 2051.
- Freestanding building with full site control on ±1.40-acre parcel.
Executive Summary
An exceptional ground lease investment opportunity featuring a freestanding Chase Bank branch at30500 US Highway19 in Palm Harbor, Florida. The asset is leased to JPMorgan Chase Bank, N.A., one of the nation’s highest-rated financial institutions, on an absolute NNN ground lease structure that requires zero landlord responsibilities. All property expenses, including taxes, insurance, maintenance, and structural components, are fully covered by the tenant, making this a truly passive investment.
The property is positioned on a signalized hard corner at US Highway19 and Curlew Road, one of the busiest intersections in Pinellas County, with a combined traffic count exceeding104,000 vehicles per day. The durable location within an affluent trade area is supported by strong daily traffic, national retailers, and long-standing consumer demand. The lease includes scheduled10% rent increases at each renewal option, ensuring steady income growth through 2051.
The property is positioned on a signalized hard corner at US Highway19 and Curlew Road, one of the busiest intersections in Pinellas County, with a combined traffic count exceeding104,000 vehicles per day. The durable location within an affluent trade area is supported by strong daily traffic, national retailers, and long-standing consumer demand. The lease includes scheduled10% rent increases at each renewal option, ensuring steady income growth through 2051.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Bank
Building Size
4,242 SF
Building Class
C
Year Built
2012
Price
$3,157,895
Price Per SF
$744.44
Cap Rate
4.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.40 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-28-16-00000-240-0900 | Improvements Assessment | $857,254 |
| Land Assessment | $937,746 | Total Assessment | $1,795,000 |
Property Taxes
Parcel Number
18-28-16-00000-240-0900
Land Assessment
$937,746
Improvements Assessment
$857,254
Total Assessment
$1,795,000
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Chase Bank | 30500 US Highway 19 N
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