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Bank

Chase Bank (Trophy Location)

1001 N Collins St, Arlington, TX 76011

Listing Price: $6,369,000

Cap Rate
4.75%
Tenant Name
Chase Bank
Years Remaining On Lease
9.5
Gross SF
4,595
Guarantor
Corporate Guarantee
Rentable SF
4,595
Price/Gross SF
$1,386.07
Lease Type
Ground Lease
Rent Per Square Feet
$65.83

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Arlington, Texas. The property consists of a 4,595-square foot, freestanding building that sits on approximately 0.92 acres of land. There are approximately 9.5 years remaining on the current lease term, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. The property is located at the signalized hard corner of Collins Street and E Randol Mill Road, where combined traffic counts exceed 40,297 vehicles per day. The area is extremely dense with more than 272,604 residents within a five-mile radius. The property is centrally located in Arlington’s Entertainment District, which already features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Park (Home of the Texas Rangers), Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). The recent $4 billion investment is expected to boost the already prominent tourism and local attraction to the entertainment destination. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Investment Highlights

  • Directly Across from AT&T Stadium (Home of the Dallas Cowboys) in the Arlington Entertainment District
  • 9.5 Years Remaining on an Absolute Net Ground Lease with a Corporate Guarantee from JPMorgan Chase
  • Over $4 Billion in Construction and Improvements has Occurred in the Arlington Entertainment District Over the Last Few Years, Bringing Exponential Growth and Jobs to the Area
  • Signalized Hard Corner Location on Collins Street and East Randol Mill Road (40,297 VPD)
  • Less Than One Mile from Texas Live! and Globe Life Park (Home of the Texas Rangers)

Exclusively Listed By

Listing Price: $6,369,000

Cap Rate
4.75%
Tenant Name
Chase Bank
Years Remaining On Lease
9.5
Gross SF
4,595
Guarantor
Corporate Guarantee
Rentable SF
4,595
Price/Gross SF
$1,386.07
Lease Type
Ground Lease
Rent Per Square Feet
$65.83

Investment Highlights

  • Directly Across from AT&T Stadium (Home of the Dallas Cowboys) in the Arlington Entertainment District
  • 9.5 Years Remaining on an Absolute Net Ground Lease with a Corporate Guarantee from JPMorgan Chase
  • Over $4 Billion in Construction and Improvements has Occurred in the Arlington Entertainment District Over the Last Few Years, Bringing Exponential Growth and Jobs to the Area
  • Signalized Hard Corner Location on Collins Street and East Randol Mill Road (40,297 VPD)
  • Less Than One Mile from Texas Live! and Globe Life Park (Home of the Texas Rangers)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Arlington, Texas. The property consists of a 4,595-square foot, freestanding building that sits on approximately 0.92 acres of land. There are approximately 9.5 years remaining on the current lease term, with a 10 percent rental escalation scheduled in five years, as well as each option thereafter. The property is located at the signalized hard corner of Collins Street and E Randol Mill Road, where combined traffic counts exceed 40,297 vehicles per day. The area is extremely dense with more than 272,604 residents within a five-mile radius. The property is centrally located in Arlington’s Entertainment District, which already features AT&T Stadium (Home of the Dallas Cowboys), Globe Life Park (Home of the Texas Rangers), Six Flags over Texas, Hurricane Harbor, Arlington Convention Center, and Lincoln Square (418,238 square feet of retail). The recent $4 billion investment is expected to boost the already prominent tourism and local attraction to the entertainment destination. Recent additions include: Globe Life Field, the $1.1 billion retractable roof stadium for the Texas Rangers; Texas Live!, a $250 million mixed-use, entertainment complex; and Live! By Loews, a $150 million resort-style hotel. This new development is expected to create an additional 1,025 permanent jobs and $100 million per year in economic output to Arlington.

Exclusively Listed By

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