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Bank

Chase Bank

2000 SW 57th Ave, Miami, FL 33155

Listing Price: $5,000,000

Cap Rate
3.50%
Tenant Name
Chase Bank
Years Remaining On Lease
18.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$1,666.67
Lease Type
Ground Lease
Rent Per Square Feet
$58.33

Investment Overview

This New 3,000 Square Foot Prototype Chase Bank is situated on a 17,263 Square Foot Parcel of Land. This site is Strategically located on 57th Avenue which straddles Coral Gables on the East, and West Miami on the West. Red Road is a main North and South artery that leads to the 836 expressway and South Dixie Highway. Traffic counts on 57th Avenue exceed 20,000 Vehicles Per Day. The nearest Chase Bank is 3 miles away and has deposits of more than $135mm pursuant to the FDIC. Neighboring retailers include: Two Publix's located within 2 miles of each other, CVS, Wells Fargo, Total Bank, McDonald's, Wendy's, Burger King, and Pollo Tropical amongst many others.

Investment Highlights

  • NEW CONSTRUCTION ABSOLUTE TRIPE NET CHASE BANK GROUND LEASE
  • STRATEGICALLY LOCATED NEXT TO ONE OF MIAMI'S MOST AFFLUENT NEIGHBORHOODS CORAL GABLES WITH AVG. HOME VALUE OF $700,000
  • 3,000 SQUARE FOOT PROTOTYPE CHASE BANK
  • S&P A+ CREDIT RATING
  • 10% INCREASES IN RENT EVERY FIVE YEARS AND DURING OPTION PERIODS
  • FLORIDA IS A NO INCOME TAX STATE

Exclusively Listed By

Listing Price: $5,000,000

Cap Rate
3.50%
Tenant Name
Chase Bank
Years Remaining On Lease
18.2
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$1,666.67
Lease Type
Ground Lease
Rent Per Square Feet
$58.33

Investment Highlights

  • NEW CONSTRUCTION ABSOLUTE TRIPE NET CHASE BANK GROUND LEASE
  • STRATEGICALLY LOCATED NEXT TO ONE OF MIAMI'S MOST AFFLUENT NEIGHBORHOODS CORAL GABLES WITH AVG. HOME VALUE OF $700,000
  • 3,000 SQUARE FOOT PROTOTYPE CHASE BANK
  • S&P A+ CREDIT RATING
  • 10% INCREASES IN RENT EVERY FIVE YEARS AND DURING OPTION PERIODS
  • FLORIDA IS A NO INCOME TAX STATE

Investment Overview

This New 3,000 Square Foot Prototype Chase Bank is situated on a 17,263 Square Foot Parcel of Land. This site is Strategically located on 57th Avenue which straddles Coral Gables on the East, and West Miami on the West. Red Road is a main North and South artery that leads to the 836 expressway and South Dixie Highway. Traffic counts on 57th Avenue exceed 20,000 Vehicles Per Day. The nearest Chase Bank is 3 miles away and has deposits of more than $135mm pursuant to the FDIC. Neighboring retailers include: Two Publix's located within 2 miles of each other, CVS, Wells Fargo, Total Bank, McDonald's, Wendy's, Burger King, and Pollo Tropical amongst many others.

Exclusively Listed By

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