Skip to main content

Bank

Chase Bank (Ground Lease)

8111 Ranch Rd 620, Austin, TX 78726

Listing Price: $3,818,000

Cap Rate
4.85%
Tenant Name
Chase Bank
Years Remaining On Lease
4.9
Gross SF
4,231
Guarantor
Corporate Guarantee
Rentable SF
4,231
Price/Gross SF
$902.39
Lease Type
Ground Lease
Rent Per Square Feet
$43.76

Investment Overview

Offered for sale is the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Austin, Texas. The property consists of a 4,231-square foot, freestanding building that sits on approximately two acres of land. There are approximately five years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of FM 620 and Rock Harbour Drive, where traffic counts exceed 39,833 vehicles per day. The area is extremely dense with more than 130,440 residents within a five-mile radius. Surrounding retailers in the immediate area include The Home Depot, Moviehouse & Eatery Chick-fil-A, Starbucks, Panda Express, McDonald’s, Rudy’s Country Store and Bar-B-Q, Dairy Queen, Chili’s, Taco Bell, Whataburger, Chicken Express and many more. Concord University (2020 enrollment: 2,500 students) is less than one mile from the property.

Investment Highlights

  • Approximately 5 Years Remaining on an Absolute Net Lease with a Corporate Guarantee from JPMorgan Chase
  • Huge Bank Deposits – More Than $128 Million in Consumer Deposits
  • Highly Affluent Austin Market - Average Household Income of $171,838 (Three-Mile Radius)
  • Signalized Hard Corner Location on FM 620 and Rock Harbour Drive; Traffic Counts Exceed 39,833 VPD
  • Large Two Acre Parcel with Ample Parking and Multiple Access Points
  • More than 130,440 Residents (Five-Mile Radius)
  • Next to Concordia University Texas (2,500 Enrollment)
  • Minutes from Travis Lake and 28 Minutes to Downtown Austin

Exclusively Listed By

Financing By

Listing Price: $3,818,000

Cap Rate
4.85%
Tenant Name
Chase Bank
Years Remaining On Lease
4.9
Gross SF
4,231
Guarantor
Corporate Guarantee
Rentable SF
4,231
Price/Gross SF
$902.39
Lease Type
Ground Lease
Rent Per Square Feet
$43.76

Investment Highlights

  • Approximately 5 Years Remaining on an Absolute Net Lease with a Corporate Guarantee from JPMorgan Chase
  • Huge Bank Deposits – More Than $128 Million in Consumer Deposits
  • Highly Affluent Austin Market - Average Household Income of $171,838 (Three-Mile Radius)
  • Signalized Hard Corner Location on FM 620 and Rock Harbour Drive; Traffic Counts Exceed 39,833 VPD
  • Large Two Acre Parcel with Ample Parking and Multiple Access Points
  • More than 130,440 Residents (Five-Mile Radius)
  • Next to Concordia University Texas (2,500 Enrollment)
  • Minutes from Travis Lake and 28 Minutes to Downtown Austin

Investment Overview

Offered for sale is the opportunity to acquire a corporately guaranteed Chase Bank ground lease in Austin, Texas. The property consists of a 4,231-square foot, freestanding building that sits on approximately two acres of land. There are approximately five years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. The property is located at the signalized hard corner of FM 620 and Rock Harbour Drive, where traffic counts exceed 39,833 vehicles per day. The area is extremely dense with more than 130,440 residents within a five-mile radius. Surrounding retailers in the immediate area include The Home Depot, Moviehouse & Eatery Chick-fil-A, Starbucks, Panda Express, McDonald’s, Rudy’s Country Store and Bar-B-Q, Dairy Queen, Chili’s, Taco Bell, Whataburger, Chicken Express and many more. Concord University (2020 enrollment: 2,500 students) is less than one mile from the property.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower