Listed by Lane4 Property Group
$2,187,500
651 East Red Bridge Road
Details
Property Type Retail, Office
Sub Type Bank
Square Footage 3,293
Cap Rate 4.80%
Occupancy 100%
Tenancy Single
Remaining Term 15
Year Built 2026
Buildings 1
Acreage 0.680
Ground Lease Yes
Chase Bank Ground Lease | 15-Year Term | 5 Renewal Options
Investment highlights
- Long-term corporate ground lease to JPMorgan Chase Bank, N.A.
- 0.68-acre pad site at an established South Kansas City neighborhood shopping center, originally built in 1959
- Approximately 3,293 SF newly constructed building featuring natural stone finishes consistent with the shopping center’s architecture
- Scheduled 10% base rent increases every five years throughout the initial lease term and option periods
- Tenant responsible for all building-related obligations, including roof, structure, and utilities serving the premises
- Tenant pays for property taxes and insurance; shopping center ownership maintains the landscaping and snow removal
Listing Contacts
Listed by Lane4 Property Group
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