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Bank

Chase Bank

2929 Shaver St, Pasadena, TX 77502

Listing Price: $1,742,000

Cap Rate
5.25%
Tenant Name
Chase Bank
Years Remaining On Lease
4.0
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$497.71
Lease Type
Double Net
Rent Per Square Feet
$26.14

Investment Overview

The subject property is a single tenant property leased to Chase Bank located at the intersection of Shaver Street and Spencer Highway in Pasadena, Texas. The building, built in 2007, sits on a 30,880 sqft parcel and contains a drive through with three teller lanes and two drive through ATM’s. Chase Bank is a publicly traded company and has a credit rate of A+ with Standard and Poors. The tenant recently renewed their lease and also renovated the inside of the property in 2015. A new roof was installed in 2018 with a 20-year warranty.

Investment Highlights

  • Renewed for 5 years in April of 2022 | Open Since 2006 | A+ Credit Rating
  • NN Lease | Minimal Landlord Responsibilities (Roof and Structure)
  • Tenant Renovated Space in 2015 | Two 5 Year Options Remaining
  • Traffic Counts: 32,000 CPD (Spencer Highway) 22,000 CPD (Shaver Street)

Exclusively Listed By

Financing By

Listing Price: $1,742,000

Cap Rate
5.25%
Tenant Name
Chase Bank
Years Remaining On Lease
4.0
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$497.71
Lease Type
Double Net
Rent Per Square Feet
$26.14

Investment Highlights

  • Renewed for 5 years in April of 2022 | Open Since 2006 | A+ Credit Rating
  • NN Lease | Minimal Landlord Responsibilities (Roof and Structure)
  • Tenant Renovated Space in 2015 | Two 5 Year Options Remaining
  • Traffic Counts: 32,000 CPD (Spencer Highway) 22,000 CPD (Shaver Street)

Investment Overview

The subject property is a single tenant property leased to Chase Bank located at the intersection of Shaver Street and Spencer Highway in Pasadena, Texas. The building, built in 2007, sits on a 30,880 sqft parcel and contains a drive through with three teller lanes and two drive through ATM’s. Chase Bank is a publicly traded company and has a credit rate of A+ with Standard and Poors. The tenant recently renewed their lease and also renovated the inside of the property in 2015. A new roof was installed in 2018 with a 20-year warranty.

Exclusively Listed By

Financing By

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