Investment Opportunity - Chase Bank in Ft. Worth, TX - $2,120,000 - 10 Year Absolute Net Lease Guaranteed - Option Periods Allow for 10% Rental Increases - Local Workforce Exceeds 3M People

Chase Bank in Ft. Worth, TX

*See attached for marketing flyer


Price: $2,120,000
Cap: 5.75%
Starting NOI: $121,785 Annual / $10,148.75 Monthly
Building Size: 3,530 square feet
Lot Size: 24,012 square feet
Improvements Built: 2008
Lease Type: Absolute Net Lease
Lease Term Remaining: 7 Years
Lease Commencement: October 26, 2007
Rent Commencement: November 1, 2008
Lease Expiration: October 31, 2018
Lease Options: Three, 5 Year Options with 10% Rental Increases
at the start of each.


Investment Highlights


• 10 Year Absolute Net Lease Guaranteed by JP Morgan Chase with an S&P
Credit Rating of “A+”
• No Remaining Kick-out Clauses Apply
• Option Periods Allow for 10% Rental Increases
• Excellent Location with Traffic Counts Exceeding 144K VPD on I-30 and 25K
VPD Directly in Front of the Site
• Strong Medical Community with 11+ Hospitals, Children’s Hospitals, Rehab
and Research Centers
• Local Workforce Exceeds 3M People and is Expected to Exceed 7M within
15 Years


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