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Chase Bank | New 20yr Abs NNN Grd Lse 700 Boyd Rd 3,000 SF Retail Building Azle, TX 76020 $2,824,000 ($941.33/SF) 4.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Scheduled Rental Increases |Investment Grade Credit (S&P: A+)
- Across From Walmart Anchored Center
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
• The Tenant, JPMorgan Chase Bank, recently signed a brand new 20-year lease with 4(5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and scheduled increases of 10% or more at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease features 10% rental increases every 5 years throughout the initial term and scheduled increases of 10% or more at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,824,000
Price Per SF
$941.33
Cap Rate
4.25%
NOI
$120,020
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.65 AC
Zoning
C - Commercial
Parking
19 Spaces (6.33 Spaces per 1,000 SF Leased)
Frontage
150’ on Boyd Road-FM 720
AMENITIES
- Banking
- Dedicated Turn Lane
- Signage
- Drive Thru
- Monument Signage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
1 of 8
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Chase Bank | New 20yr Abs NNN Grd Lse | 700 Boyd Rd
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