Skip to main content

Bank

Chase Bank | Largo, FL

13883 Walsingham Rd, Largo, FL 33774

Listing Price: $2,898,000

Cap Rate
5.25%
Tenant Name
Chase Bank
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
4,374
Lease Type
NNN Ground Lease
Rent Per Square Feet
$34.79

Investment Overview

Lease
- 7.5 Years remaining on the original 20-year base term
- 10% Rent Increases Every 5-years
- Four 5-year options
- NNN Ground Lease

Strong Real Estate Fundamentals / Incredible Demographics
- Walsingham Rd sees 28,000 cars per day
- 0.74 Acre Parcel | 4,374 SF building with a drive-thru | Built in 2012
- Chase is paying $34.79 PSF in rent, below local market rent & concept rent
- Dense Population – 11,525 (one-mile) | 71,193 (three-mile) | 156,582 (five-mile)
- Average Household Income of $95,903 (three-mile)
- Surrounded by national tenants including Walmart, Publix, McDonald’s, CVS, Walgreens, Regions Bank, Taco Bell, Starbucks, and more!

Chase Bank / Investment Grade Tenant
- S&P Rated AA-
- NYSE: JPM
- Premier Bank in the US | Best in Class Tenant
- Chase Bank has the most branches of any bank with 4,897 locations

Investment Highlights

  • Lease: - 7.5 Years remaining on the original 20-year base term - 10% Rent Increases Every 5-years - Four 5-year options - NNN Ground Lease
  • Strong Real Estate Fundamentals / Incredible Demographics
  • Chase Bank / Investment Grade Tenant

Exclusively Listed By

Financing By

Bank

Chase Bank | Largo, FL

Listing Price: $2,898,000

Cap Rate
5.25%
Tenant Name
Chase Bank
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
4,374
Lease Type
NNN Ground Lease
Rent Per Square Feet
$34.79

Investment Highlights

  • Lease: - 7.5 Years remaining on the original 20-year base term - 10% Rent Increases Every 5-years - Four 5-year options - NNN Ground Lease
  • Strong Real Estate Fundamentals / Incredible Demographics
  • Chase Bank / Investment Grade Tenant

Investment Overview

Lease - 7.5 Years remaining on the original 20-year base term - 10% Rent Increases Every 5-years - Four 5-year options - NNN Ground Lease Strong Real Estate Fundamentals / Incredible Demographics - Walsingham Rd sees 28,000 cars per day - 0.74 Acre Parcel | 4,374 SF building with a drive-thru | Built in 2012 - Chase is paying $34.79 PSF in rent, below local market rent & concept rent - Dense Population – 11,525 (one-mile) | 71,193 (three-mile) | 156,582 (five-mile) - Average Household Income of $95,903 (three-mile) - Surrounded by national tenants including Walmart, Publix, McDonald’s, CVS, Walgreens, Regions Bank, Taco Bell, Starbucks, and more! Chase Bank / Investment Grade Tenant - S&P Rated AA- - NYSE: JPM - Premier Bank in the US | Best in Class Tenant - Chase Bank has the most branches of any bank with 4,897 locations

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower