6800 Biscayne Blvd | Miami, FL 33138
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- LoopNet Team
6800 Biscayne Blvd
Miami, FL 33138
Chase Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant – JP Morgan Chase is an investment grade tenant with an S&P
- Strong Deposits – In 2022 this branch had over $187,000,000 in deposits per the FDIC, which shows that this branch is a strong performer
- Strategic Positioning – Located on Biscayne Boulevard this asset sits on the 4th most popular street in Miami and sees over 40,000 VPD.
- Long-Term NNN Ground Lease – This asset gives an investor the opportunity to enter a completely passive 10-year ground lease with JP Morgan Chase.
- Strong Rental Increase – The lease currently has 10% Rental increases every 5 Years which gives an excellent hedge against inflation.
- Trophy Location – This investment is situated in Miami’s Modern District (MiMo) which is a highly sought-after neighborhood in Miami’s Upper East Side
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
5,932 SF
Building Class
C
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.83 AC
Zoning
T5-O
Parking
29 Spaces (0 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 01-3218-023-0180 | Improvements Assessment | $121,250 |
| Land Assessment | $5,403,750 | Total Assessment | $5,525,000 |
PROPERTY TAXES
Parcel Number
01-3218-023-0180
Land Assessment
$5,403,750
Improvements Assessment
$121,250
Total Assessment
$5,525,000
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