Listed by SURMOUNT
$3,194,400
Chase Bank
Details
Property Type Retail
Sub Type Bank
Square Footage 4,790
Cap Rate 6.25%
NOI $199,650
Tenancy Single
Lease Type NNN
Lease Expiration 06/30/2028
Year Built 2007
Acreage 1.220
Tenant Credit Corporate Guarantee
Lease Commencement 06/30/2008
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Chase Bank located at 8014 Bandera Road, San Antonio, TX 78250. The site consists of roughly 4,790 rentable square feet of building space on an estimated 1.22-acre parcel of land. Chase Bank is subject to a 20-year Triple Net (NNN) lease, which commenced 6/30/2008. The current annual rent is $199,650 and has scheduled increases of 10.00% Every 5 Years.
Investment highlights
- Adjacent to Walmart-Anchored Retail Center | The property is positioned adjacent to a Walmart-anchored shopping center, benefiting from strong daily traffic drivers and consistent consumer activity.
- Below Market Rental Rates | Current in-place rent is considered below market for the area, providing investors with future upside potential upon renewal or re-tenanting.
- Strong Deposit Base | The branch reportedly maintains approximately $130 million in deposits, demonstrating strong customer activity and long-term market presence.
- Scheduled Rental Increases | Lease structure includes 10% rental increases every five years, offering investors built-in income growth and inflation protection.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$199,650.00
$16,637.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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