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Bank

Chase Bank

561 W Interstate 30, Garland, TX 75043

Listing Price: $2,524,000

Cap Rate
5.35%
Tenant Name
Chase Bank
Years Remaining On Lease
5.7
Gross SF
3,903
Guarantor
Corporate Guarantee
Rentable SF
3,903
Price/Gross SF
$646.68
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.59

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease Chase Bank in Garland, Texas. The property consists of a 3,903-square-foot, freestanding building that sits on approximately 0.6 acres of land. There are approximately 5.8 years remaining on the current lease term. Chase Bank added two additional options when they exercised their lease extension, showing commitment to the site. The property is next to the planned $63 million Lofts iThirty Apartments development that will include 340 units, five buildings and retailready ground floor units on 10 acres of land. The development is scheduled to open in 2025. Across Interstate 30 is a 43,489-squarefeet storage/retail development that is currently under construction.

Investment Highlights

  • Triple-Net Lease with Recent Lease Extension
  • Excellent Visibility with Freeway Frontage on I-30 (158,339 VPD)
  • More than 264,382 Residents Within a Five-Mile Radius
  • Outparcel to Walmart
  • $82 Million in Branch-Level Deposits
  • Dallas/Fort Worth MSA Location

Exclusively Listed By

Financing By

Listing Price: $2,524,000

Cap Rate
5.35%
Tenant Name
Chase Bank
Years Remaining On Lease
5.7
Gross SF
3,903
Guarantor
Corporate Guarantee
Rentable SF
3,903
Price/Gross SF
$646.68
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.59

Investment Highlights

  • Triple-Net Lease with Recent Lease Extension
  • Excellent Visibility with Freeway Frontage on I-30 (158,339 VPD)
  • More than 264,382 Residents Within a Five-Mile Radius
  • Outparcel to Walmart
  • $82 Million in Branch-Level Deposits
  • Dallas/Fort Worth MSA Location

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a triple-net lease Chase Bank in Garland, Texas. The property consists of a 3,903-square-foot, freestanding building that sits on approximately 0.6 acres of land. There are approximately 5.8 years remaining on the current lease term. Chase Bank added two additional options when they exercised their lease extension, showing commitment to the site. The property is next to the planned $63 million Lofts iThirty Apartments development that will include 340 units, five buildings and retailready ground floor units on 10 acres of land. The development is scheduled to open in 2025. Across Interstate 30 is a 43,489-squarefeet storage/retail development that is currently under construction.

Exclusively Listed By

Financing By

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