Chase Bank

4990 Town Center Parkway, Jacksonville, FL
Deal Type:
Net Lease
Ownership Type:
Ground Lease
Price:
$6,550,964
Cap Rate:
4.25%
Current Rent:
$278,416
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 17.5 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
3,614
Rent Increases:
2.50% annually
Site Size:
0.53 acres
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase stream capital partners
  • chase stream capital partners
  • chase stream capital partners

Investment Highlights

  • Absolute NNN ground lease guaranteed by JPM Chase.
  • 2.50% annual rent increases with 17.5 years remaining on the initial term.
  • Situated in St. John’s Town Center which welcomes over 16 million visitors per year.
  • Immediate proximity to I-295 (118,000 vpd) and Turner Butler Blvd. (128,500 vpd).
  • The Chase Bank is well-positioned at the main intersection that connects the Costco-anchored center, the Strand at Town Center, and Simon Property Group’s St. John’s Center.
  • Densely populated location with over 169,671 people within five miles and an average household income of $95,395 within one mile.

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

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