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Bank

Chase Bank (15-Year Ground Lease)

8021 Old Carriage Ct, Shakopee, MN 55379

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Chase
Years Remaining On Lease
14.7
Gross SF
4,023
Guarantor
Corporate Guarantee
Rentable SF
4,023
Price/Gross SF
$745.71
Lease Type
Ground Lease
Rent Per Square Feet
$37.29

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in Shakopee, Minnesota. The property consists of a 4,023-square-foot, freestanding building that sits on 1.42 acres of land. There are 14.8 years remaining on the current lease term, with 10% rental increases every five years. Broker of Record for MN: Jon Ruzicka, License: 40583288, P: (952) 852-9700

Investment Highlights

  • New Development Chase Bank – 15-Year Corporate Ground Lease with 10% Rental Escalations Every Five Years
  • Hard Corner Location with Nearby Access to County Road 21 (25,000 VPD) and Highway 169 (68,513 VPD)
  • Next to Walmart Supercenter and Sam's Club
  • Affluent Minneapolis, MN Suburb - Average Household Income is $167,125 Within a 3-Mile Radius
  • More than 132,078 Residents Within a Five-Mile Radius
  • Large 1.42 Acre Parcel with Ample Parking and Multiple Access Points
  • JPMorgan's Recently Committed to Expanding its Branch Network with Plans to Open 500 Branches in the Next 3 Years
  • Investment Grade Tenant (A+ Rated by S&P) - U.S.'s Largest Bank by Assets

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Bank

Chase Bank (15-Year Ground Lease)

Listing Price: $3,000,000

Cap Rate
5.00%
Tenant Name
Chase
Years Remaining On Lease
14.7
Gross SF
4,023
Guarantor
Corporate Guarantee
Rentable SF
4,023
Price/Gross SF
$745.71
Lease Type
Ground Lease
Rent Per Square Feet
$37.29

Investment Highlights

  • New Development Chase Bank – 15-Year Corporate Ground Lease with 10% Rental Escalations Every Five Years
  • Hard Corner Location with Nearby Access to County Road 21 (25,000 VPD) and Highway 169 (68,513 VPD)
  • Next to Walmart Supercenter and Sam's Club
  • Affluent Minneapolis, MN Suburb - Average Household Income is $167,125 Within a 3-Mile Radius
  • More than 132,078 Residents Within a Five-Mile Radius
  • Large 1.42 Acre Parcel with Ample Parking and Multiple Access Points
  • JPMorgan's Recently Committed to Expanding its Branch Network with Plans to Open 500 Branches in the Next 3 Years
  • Investment Grade Tenant (A+ Rated by S&P) - U.S.'s Largest Bank by Assets

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in Shakopee, Minnesota. The property consists of a 4,023-square-foot, freestanding building that sits on 1.42 acres of land. There are 14.8 years remaining on the current lease term, with 10% rental increases every five years. Broker of Record for MN: Jon Ruzicka, License: 40583288, P: (952) 852-9700

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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