STREAM Capital Partners > Properties > All Properties > Chase Bank

Chase Bank

Net Lease

3800 Silver Lake Rd. NE, St. Anthony, Minnesota
Ownership Type:
Fee Simple
Price:
$2,400,000
Cap Rate:
5%
Current Rent:
$120,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Renewal Options:
3, 5-Year Options
Building Sq. Ft.:
3,366 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.20 Acres

Investment Highlights

  • Corporate Lease: Chase is the largest bank in the US and has an investment grade credit rating of A+ (S&P).
  • Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and insurance, providing no landlord ownership responsibilities.
  • Scheduled Rent Increases: The lease calls for rental increases of 10% every five years including the option periods.
    Interstate Access: Chase is situated strategically in between two interstate highways, I-694 (112,000 VPD) to the north and I-35W (96,500 VPD) to the east, providing excellent access to the site from the entire sub market.
  • Minneapolis–St. Paul MSA Location: Affluent local customer base with an average household income of $104,500 within a 3-mile radius of the site.
  • High Profile Pad Site: Chase sits in front of The Ruby Luxury Apartments, a brand new multi-family development with approximately 500 units. Cub Foods shadow anchors the site with other national retailers including Starbucks, Chipotle, US Bank, Caribou Coffee, Walgreens, and Cold Stone Creamery.
Ownership Type:
Fee Simple
Price:
$2,400,000
Cap Rate:
5%
Current Rent:
$120,000
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Renewal Options:
3, 5-Year Options
Building Sq. Ft.:
3,366 SF
Rent Increases:
10% Every 5 Years
Site Size:
1.20 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Phil DiGennaro

Managing Director
203.610.1541[email protected]

Cooperating Broker: Bang Realty, Brian Brockman, [email protected], Lic. 40628602

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