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Bank

Chase Bank Ground Lease

2111 E Semoran Blvd, Apopka, FL 32703

Listing Price: $2,026,000

Cap Rate
4.00%
Tenant Name
Chase Bank
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
3,755
Lease Type
Absolute Net
Rent Per Square Feet
$21.58

Investment Overview

Chase Bank is an outparcel to Wekiva Riverwalk, a 242,000 square foot power center anchored by Ross Dress For Less, Marshalls, Bed Bath & Beyond, Petco, Five Below and newly renovated, stadium seating Regal Cinemas movie theater. Chase Bank’s 3,755 square foot building is on a ~.64 acre parcel located at a highly visible entrance to the center with traffic counts of 39,170 vehicles per day on East Semoran Boulevard. The building has four drive thru lanes. Chase Bank is currently in its second and final 10-year lease option. The base rent is scheduled to increase by 5% in 2026. The subject property is located in Apopka, FL, a rapidly growing city in the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, only 17 miles from downtown Orlando. It is the second largest city in the county. There are currently an estimated $570 million worth of apartment, industrial and retail projects planned or under construction in Apopka.

Investment Highlights

  • Rent Increase in Year 5
  • Chase Bank Has a Standard & Poor's Rating of A+
  • Significantly Below Market Rent with No Remaining Options

Exclusively Listed By

Listing Price: $2,026,000

Cap Rate
4.00%
Tenant Name
Chase Bank
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
3,755
Lease Type
Absolute Net
Rent Per Square Feet
$21.58

Investment Highlights

  • Rent Increase in Year 5
  • Chase Bank Has a Standard & Poor's Rating of A+
  • Significantly Below Market Rent with No Remaining Options

Investment Overview

Chase Bank is an outparcel to Wekiva Riverwalk, a 242,000 square foot power center anchored by Ross Dress For Less, Marshalls, Bed Bath & Beyond, Petco, Five Below and newly renovated, stadium seating Regal Cinemas movie theater. Chase Bank’s 3,755 square foot building is on a ~.64 acre parcel located at a highly visible entrance to the center with traffic counts of 39,170 vehicles per day on East Semoran Boulevard. The building has four drive thru lanes. Chase Bank is currently in its second and final 10-year lease option. The base rent is scheduled to increase by 5% in 2026. The subject property is located in Apopka, FL, a rapidly growing city in the Orlando–Kissimmee–Sanford Metropolitan Statistical Area, only 17 miles from downtown Orlando. It is the second largest city in the county. There are currently an estimated $570 million worth of apartment, industrial and retail projects planned or under construction in Apopka.

Exclusively Listed By

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