6145 Exchange Way
Bradenton, FL 34202
Chase Bank · Retail Property For Sale

Marcus & Millichap is pleased to present this 5,102-square-foot Chase Bank in Lakewood Ranch (Sarasota), FL near the intersection of University Parkway and Interstate 75. Chase Bank has approximately 14 years remaining on their fee simple triple-net lease with four, five-year option periods. There are no management responsibilities and 10 percent rent increases every five years. JP Morgan Chase Bank, N.A., doing business as Chase Bank, operates over 5,100 locations and 16,000 ATM's nationwide. JP Morgan Chase is one of the "Big Four" banks of the United States and has assets worth over $2.6 trillion. Chase Bank is received an A+ credit rating from Standard & Poor's. The property is perfectly positioned on an outparcel to an 83,000-square-foot Publix anchored shopping center. Other outparcels include SunTrust and Wells Fargo, representing some of the highest bank deposits in Manatee and Sarasota counties. Chase Bank is located less than one mile from the brand new University Town Center mall which hosts a multitude of national retailers such as Macy's, Dillard's, Saks 5th Avenue, Target, Old Navy, Michael's, and The Capital Grille. Lakewood Ranch is the third fastest growing master planned residential community in the United States. Part of the North Port-Bradenton-Sarasota MSA, the 8,500 acre community was built on what was previously a family owned timber ranch. The area hosts gourmet and family-friendly restaurants, A-rated schools, unique shops and boutiques, business parks, state of the art medical centers, three different masterfully designed golf courses, fitness centers, aquatics, 18 lighted tennis courts and even polo and cricket clubs. The developing community also includes over 150 miles of sidewalks and trails, leaving residents no shortage in exploring wetland and forest preservations abundant with native wildlife and dramatic landscapes.