Chase Bank

19400 West Catawba Avenue, Cornelius, NC
Deal Type:
Net Lease
Ownership Type:
Ground Lease
Price:
$5,750,000
Cap Rate:
4%
Current Rent:
$230,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 20 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
3,028
Rent Increases:
10% in year 11 and in each option period
Site Size:
1.5 acres
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase bank stream capital partners
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Investment Highlights

  • 20-year, absolute NNN ground lease with no landlord responsibilities
  • Investment grade credit tenant (S&P: A+)
  • Affluent Charlotte MSA location with average household incomes of $136,800 within 3 miles
  • Large, 1.5-acre parcel situated at a signalized hard corner with 41,400 VPD
  • Dense retail corridor anchored by Harris Teeter and Publix. Other retailers include CVS, Wells Fargo, Walgreens, Starbucks, and McDonald’s

Listing Agents

Graham Gold

Vice President
314 324 8792
graham@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
jordan@stream-cp.com

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