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Chase Bank: St. Johns, FL 51 Pine Chase Way 3,457 SF Retail Building Saint Johns, FL 32259 $2,903,226 ($839.81/SF) 4.65% Cap Rate
Investment Highlights
- The property is a component of The Shops at Longleaf Pine—a recently-constructed, 17-acre mixed-use development.
- Chase Bank’s NNN ground lease features ±14.7 years of primary term.
- Roughly 19 miles south of downtown Jacksonville.
- The site is proximate to a multitude of residential developments.
Executive Summary
CBRE is pleased to offer for sale the 3,457 square-foot Chase Bank on 1.38 acres in St. Johns, FL - a component of the Jacksonville, FL MSA. Opened during winter 2024, Chase Bank’s NNN ground lease features ±14.7 years of primary term with a 10% rent increase every 5 years throughout the initial term and in each of the four, 5-year renewal options. Rent commenced in May 2025.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,457 SF
Building Class
C
Year Built
2024
Price
$2,903,226
Price Per SF
$839.81
Cap Rate
4.65%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.38 AC
Zoning
PD - Shopping Center
Nearby Major Retailers
Property Taxes
| Parcel Number | 001330-0071 | Improvements Assessment | $1,979,794 |
| Land Assessment | $2,177,126 | Total Assessment | $4,156,920 |
Property Taxes
Parcel Number
001330-0071
Land Assessment
$2,177,126
Improvements Assessment
$1,979,794
Total Assessment
$4,156,920
Contacts
-
Thomas Carr -
Christopher Bosworth -
Brian Pfohl -
Mark Drazek -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
CBRE
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Chase Bank: St. Johns, FL | 51 Pine Chase Way
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