Investment Overview

This offering features a Chase Bank triple net (NNN) ground lease positioned as a prime outparcel to a busy Publix anchored shopping center in Coral Springs, one of South Florida’s most established retail corridors. The property sits at the signalized intersection of Sample Road and US 441, a location with more than 100,000 vehicles passing daily and convenient access to Florida’s Turnpike. It provides the visibility and traffic that long term net lease investors look for. The lease is guaranteed by JPMorgan Chase Bank, the largest bank in the United States by assets and rated AA- by S&P. The current term runs through March 31, 2031, and includes 12 percent rent increases every five years with five additional five-year renewal options. The tenant is responsible for roof and structure, providing long term, predictable income without landlord obligations. The property sits directly across from the renovated Turtle Run Shoppes, home to retailers such as Ross and Burlington, and is steps from Park Place at Turtle Run with 348 apartment units. Surrounding communities such as The Grove at Turtle Run, Cypress Pointe and Pinebrook Pointe add hundreds more households within immediate proximity and drive steady daily traffic. Nearby national retailers include Publix, Aldi, Walmart Supercenter, Lowe’s, The Home Depot, Target, Best Buy, HomeGoods, Planet Fitness, YouFit, PetSmart, Starbucks, CVS and Walgreens. There are many dining options in the immediate area as well. The corridor also features numerous auto dealerships including Mercedes Benz, BMW, Infiniti, Lexus, Volkswagen and Jeep, underscoring the depth and stability of the trade area. Regional demand generators add to the location’s strength. Seminole Casino Coconut Creek is about a mile away, HCA Florida Northwest Hospital (289 beds) is roughly a mile and a half, and shopping and lifestyle destinations such as the Promenade at Coconut Creek, The Walk at University and Coral Square Mall are close by. More than 145,000 residents live within three miles and over 385,000 within five miles, with household incomes in the one-mile radius averaging $109,000 and projected to exceed $122,000 by 2030.