Listed by MPV Properties
$2,913,333
Chase Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 3,432
Cap Rate 4.5%
NOI $131,100
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 x 5 years
Price per SqFt $849
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 1.224
Investment Type Net Lease
Ground Lease Yes
Chase Bank | 4.50% CAP | Ground Lease
Marketing description
- New construction Chase Bank situated in Farmington, a master-planned, walkable development with retail and office amenities
- Long-term 15-year ground lease with six 5-year renewal options
- Investment-grade tenant credit rated A+/A2
- Annual rent escalations throughout the base term and option periods, offering predictable income growth and inflation protection
- Excellent visibility and frontage with strong access to I-485, Rocky River Road, and Caldwell Road
- Directly across from Harris Teeter–anchored Brookdale Village shopping center, capturing strong retail synergy
- Strong local demographics with more than 50,000 residents within a three-mile radius
- Positioned in one of Charlotte’s fastest-growing submarkets, supporting long-term value appreciation
Investment highlights
- New construction Chase Bank situated in Farmington, a master-planned, walkable development with retail and office amenities
- Long-term 15-year ground lease with six 5-year renewal options
- Investment-grade tenant credit rated A+/A2
- Annual rent escalations throughout the base term and option periods, offering predictable income growth and inflation protection
- Excellent visibility and frontage with strong access to I-485, Rocky River Road, and Caldwell Road
- Directly across from Harris Teeter–anchored Brookdale Village shopping center, capturing strong retail synergy
- Strong local demographics with more than 50,000 residents within a three-mile radius
- Positioned in one of Charlotte’s fastest-growing submarkets, supporting long-term value appreciation
Listing Contacts
Listed by MPV Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,100.00
$10,925.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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