Listed by SVN | Commercial Partners
$2,800,000
Chase Bank Sun City
Details
Property Type Retail
Sub Type Bank
Square Footage 4,058
NOI $113,740
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank
Lease Type Absolute NNN
Lease Expiration 04/29/2033
Remaining Term 6.8
Rent Bumps Yes
Lease Options (4) 5 Yrs Renewals
Price per SqFt $690
Class B
Year Built 2013
Investment Type Net Lease
Ownership Fee Simple
Retail | 4,058 SqFt
Marketing description
Introducing an exceptional opportunity for retail and street retail investors in the thriving Sun City area of FL. This 4,058 SF building, completed in 2013, is currently 100% occupied under an Absolute NNN ground lease to JPMorgan Chase Bank, N.A., offering a truly passive income stream with zero landlord responsibilities. Boasting a prime location within the Tampa Bay MSA and the assurance of strong banking credit, this property presents a compelling investment proposition. With a long remaining primary term extending through April 30, 2033, and the potential for up to forty years of tenancy through four 5-year renewal options, this property is perfectly positioned to attract premium 1031 and passive net-lease buyers seeking a secure and lucrative investment opportunity.
Explore the bustling retail environment surrounding this prime location in Sun City. With prominent retailers such as Publix Super Market and Walgreens nearby, the area offers tremendous potential for retail and street retail investors seeking a strategic investment opportunity. The presence of popular dining establishments like Bob Evans and Beef 'O' Brady's, coupled with the vibrant Sun City Center Plaza, creates a compelling draw for investors looking to capitalize on a dynamic and established consumer market. This thriving community presents an ideal setting for retail and street retail ventures, making it an enticing destination for those seeking a strategic foothold in a flourishing commercial landscape.
Investment highlights
- Absolute NNN ground lease to JPMorgan Chase Bank, N.A., with zero landlord responsibilities and truly passive income.
- Strong banking credit and established Sun City Center, FL location within the Tampa Bay MSA.
- Long remaining primary term (through April 30, 2033) plus four 5‑year renewal options, for up to 40 years of potential tenancy.
- Positioned to trade, targeting premium 1031 and passive net‑lease buyers.
Listing Contacts
Listed by SVN | Commercial Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,740.00
$9,478.33/mo
Valuation Metrics
0
DSCR
4.06%
Cap Rate
4.06%
ROI
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