Bank
Chase Bank (Ground Lease)
161 W Spring Creek Pkwy, Plano, TX 75023
Listing Price: $4,736,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Plano, Texas. The property consists of a 4,055-square foot, freestanding building that sits on approximately 0.77 acres of land. There are approximately 7.7 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years. Chase Bank have operated at this location for more than 13 years. The property has excellent visibility on West Spring Creek Parkway with easy access to Interstate 75, where combined traffic counts exceed 227,699 vehicles per day. The area is extremely dense with more than 322,226 residents within a five-mile radius.
Chase Bank (Ground Lease)
Investment Highlights
- Approximately 7.75 Years Remaining on an Absolute Net Lease with a Corporate Guarantee from JPMorgan Chase
- Tremendous Branch Deposits – Over $200 Million in Consumer Deposits (As of 6/2022)
- High-Growth Market in North Dallas- 47% Population Growth Since 2000 and 9.7% Projected Growth in the Next Five Years Within a Five-Mile Radius
- West Spring Creek Parkway Location with Easy Access to I-75 (Combined Traffic Counts Exceed 227,699 VPD)
- Located Across from Entrance to a Walmart Supercenter
- Highly Affluent Trade Area - Average Household Income Exceeds $134,741 Within a Five-Mile Radius
Exclusively Listed By
Listing Price: $4,736,000
Investment Highlights
- Approximately 7.75 Years Remaining on an Absolute Net Lease with a Corporate Guarantee from JPMorgan Chase
- Tremendous Branch Deposits – Over $200 Million in Consumer Deposits (As of 6/2022)
- High-Growth Market in North Dallas- 47% Population Growth Since 2000 and 9.7% Projected Growth in the Next Five Years Within a Five-Mile Radius
- West Spring Creek Parkway Location with Easy Access to I-75 (Combined Traffic Counts Exceed 227,699 VPD)
- Located Across from Entrance to a Walmart Supercenter
- Highly Affluent Trade Area - Average Household Income Exceeds $134,741 Within a Five-Mile Radius
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Plano, Texas. The property consists of a 4,055-square foot, freestanding building that sits on approximately 0.77 acres of land. There are approximately 7.7 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years. Chase Bank have operated at this location for more than 13 years. The property has excellent visibility on West Spring Creek Parkway with easy access to Interstate 75, where combined traffic counts exceed 227,699 vehicles per day. The area is extremely dense with more than 322,226 residents within a five-mile radius.
Exclusively Listed By
