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Chase Bank Ground Lease 651 E Red Bridge Rd 3,293 SF Retail Building Kansas City, MO 64131 $2,187,500 ($664.29/SF) 4.80% Cap Rate
Investment Highlights
- Long-term corporate ground lease to JPMorgan Chase Bank, N.A.
- 3,293 SF newly constructed building featuring natural stone finishes
- Situated within a historic grocery-anchored shopping center also featuring hardware, restaurant, fitness, and regional children’s museum anchors
- 0.68-acre pad site at an established South Kansas City neighborhood shopping center, originally built in 1959
- Scheduled 10% base rent increases every 5 years
Executive Summary
15-Year Term with 5 renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,293 SF
Building Class
C
Year Built
2026
Price
$2,187,500
Price Per SF
$664.29
Cap Rate
4.80%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Lot Size
15.18 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chase Bank
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chase Bank | Finance and Insurance | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 65-240-02-43-00-0-00-000 | Improvements Assessment | $4,486,022 |
| Land Assessment | $514,458 | Total Assessment | $5,000,480 |
Property Taxes
Parcel Number
65-240-02-43-00-0-00-000
Land Assessment
$514,458
Improvements Assessment
$4,486,022
Total Assessment
$5,000,480
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Chase Bank Ground Lease | 651 E Red Bridge Rd
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