www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze property details including ownership and financial history. Share advanced property insights with your clients and teams.

Chase Bank

6.00% Cap Rate | Chase Bank | Early 10-Year Extension | Adjacent to Walmart, Lowe’s, Target & Kroger

Listing Contacts

Active

Asking Price: $3,721,250
Address 

3600 Bardstown Rd, Louisville, KY 40218

Show on Map
Date Added
Mar 24, 2025
Days on Market
31 days
Time Since Last Update
31 days

Details

Property TypeRetail
SubtypeBank
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
TenancySingle
Brand/TenantChase Bank
Lease Commencement02/23/1976
Lease Expiration10/31/2036
Remaining Term11.5 years
Square Footage3,176
Price/Sq Ft$1,171.68
Cap Rate6.00%
Occupancy100%
NOI$223,275
Year Built1975
Lot Size (acres)1.15
Rent Bumps10% in each option
Lease OptionsTwo 5-year

Marketing Description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chase Bank located in Louisville, Kentucky.​ Chase Bank has an operating history that spans multiple decades at this location.​ Chase Bank has further demonstrated their commitment by signing an early 10-year lease extension that extends the lease through October 2036.​ JP Morgan Chase is an investment grade rated tenant, rated A+ by Standard & Poor’s.​

 

The 3,176 square-foot building benefits from its position along Bardstown Road (50,000+ VPD) and proximity to Interstate 264 which hosts over 182,000 vehicles per day.​ The subject property is located on an outparcel of a shopping center anchored by Lowe’s Home Improvement, Target, and Walmart Supercenter.​ Retailers occupying the neighboring shopping centers include Costco, Burlington, Kroger, Walgreens, Harbor Freight, and several others.​ The property is also located 20 minutes southeast of downtown Louisville and blocks from Seneca High school which hosts over 1,250 students.​ There are over 253,000 people living within a five-mile radius where the average household income is $94,633.​

 

Chase Bank, the U.​S.​ consumer and commercial banking arm of JPMorgan Chase & Co.​ (NYSE: JPM), is an integral component of a leading global financial services firm with operations spanning over 60 countries and $2.6 trillion in assets.​ Founded in 1799 as the Bank of the Manhattan Company, Chase boasts a rich heritage steeped in financial innovation and service excellence.​ Today, it serves millions of customers nationwide, with over 4,700 branches and 16,000 ATMs, making it one of the largest banking institutions in the United States.​

Investment Highlights

  • Positioned within the Louisville MSA

  • JP Morgan Chase is an investment grade rated tenant – S&P: A+

  • Early 10-year lease extension through October 2036

  • Multi-decade operating history

  • NNN– no landlord responsibilities

  • Outparcel in a Lowe’s anchored shopping center

  • Located along Bardstown Road (50,342 VPD)

  • Proximity to Interstate 264 (182,427 VPD)

  • Neighboring retailers include Walmart, Target, Costco, Burlington, Kroger, Walgreens, Harbor Freight, & many others

  • Over 253,000 people live within a five-mile radius

  • Average household income within five miles is $94,633

  • Several blocks west of Seneca High School (1,250+ students)

  • 20 minutes southeast of downtown Louisville, KY

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,275.00
$18,606.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI
Subscribe to Intelligence
View property history data!
Access historical property and tax details including tax amounts, land value, and more to inform your next opportunity.
Date Event Document Price Price/SF Sold By Sold To
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access
Upgrade for full access

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


Similar Properties for Sale

Pictures of Retail property located at 3420 Bardstown Rd, Louisville, KY 40218 for sales - image #1
$3,235,294
Chick-Fil-A - Louisville, KY
Costco Outparcel • Abs.NNN • Below Mkt Rent • +12 Years

3420 Bardstown Rd Louisville, KY 40218

Pictures of Retail property located at 3601 & 3603  Buechel Bypass, Louisville, KY 40218 for sales - image #1
$2,950,000
Pizza Hut & Fifth Third Bank Package Investment Opportunity
Retail • 5.12% CAP • 5,722 SF

3601 & 3603 Buechel Bypass Louisville, KY 40218

Pictures of Multifamily, Office, Retail property located at 2119 Old Shepherdsville Rd, Louisville, KY 40218 for sales - image #1
$1,200,000
Retail and Multifamily property
Owner / user property with housing

2119 Old Shepherdsville Rd Louisville, KY 40218

Pictures of Retail, Office property located at 1918 Hikes Ln, Louisville, KY 40218 for sales - image #1
$2,750,000
1918 Hikes Lane
Highly Visible Retail Property • 16,958 SF

1918 Hikes Ln Louisville, KY 40218

Pictures of Retail property located at 2118 Bruce Ave, Louisville, KY 40218 for sales - image #1
$825,000
Off the Rails
Retail • 7,200 SF

2118 Bruce Ave Louisville, KY 40218

Pictures of Retail property located at 2321 Bardstown Rd, Louisville, KY 40205 for sales - image #1
Unpriced
2321 Bardstown Rd
Bardstown Rd.. Enough Said

2321 Bardstown Rd Louisville, KY 40205

Pictures of Retail property located at 2305 Bardstown Rd, Louisville, KY 40205 for sales - image #1
$2,499,999
Rose Building
Retail • 12,559 SF

2305 Bardstown Rd Louisville, KY 40205

Pictures of Office, Retail property located at 2944 Breckenridge Ln, Louisville, KY 40220, 108 W Daisy Ln, New Albany, IN 47150, 1725 Gagel Ave, Louisville, KY 40216 for sales - image #1
$20,118,684
3-Property Medical Outpatient Portfolio | 77-Unit Provider
Advanced ENT & Allergy • 10.5 Year NNN • 2.5% Annual Bumps

3 LOCATIONS

Pictures of Retail, Special Purpose property located at 3000 Breckenridge Ln, Louisville, KY 40220 for sales - image #1
$5,272,400
ZIPS Car Wash
7 Cap • Anchored by Kroger • Corporate Credit • 1.5% Annual Increases

3000 Breckenridge Ln Louisville, KY 40220

Pictures of Business for Sale, Mixed Use, Multifamily, Retail property located at 1905 Bardstown Rd., Louisville, KY 40205 for sales - image #1
virtual tour
$1,600,000
Exclusive Opportunity: Building for Sale in Highlands
Business for Sale • 6,804 SF

1905 Bardstown Rd. Louisville, KY 40205

Pictures of Retail property located at 1610 Bardstown Rd, Louisville, KY 40205 for sales - image #1
$939,000
Restaurant/Retail Opportunity on busy Bardstown Rd
Retail • 4,446 SF

1610 Bardstown Rd Louisville, KY 40205

See more properties for sale in Louisville
See More
See More Similar Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off? Report