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Chase Bank 13883 Walsingham Rd 4,374 SF Retail Building Largo, FL 33774 $4,061,777 CAD ($928.62 CAD/SF) 5.25% Cap Rate
Investment Highlights
- AA- (S&P) credit rating; backed by JP Morgan Chase, one of the world's largest financial institutions.
- Upcoming 10% rental increase on October 1, 2027, with 10% increases every five years.
- Outparcel to Walmart Supercenter and adjacent to Publix — rare dual grocery-anchored retail environment.
- Absolute NNN lease with zero landlord responsibilities including roof, structure, and all operating expenses.
- Leased at $34.79/SF — well below neighboring Chipotle at ~$64.00/SF, offering meaningful rental upside.
- High barrier-to-entry Pinellas County market with limited land and restrictive zoning for new bank development.
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,374 SF
Building Class
C
Year Built
2012
Price
$4,061,777 CAD
Price Per SF
$928.62 CAD
Cap Rate
5.25%
NOI
$213,243 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.75 AC
Zoning
4450
Parking
20 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
179’ on Walsingham
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-30-15-50142-000-0010 | Improvements Assessment | $1,549,184 CAD |
| Land Assessment | $640,598 CAD | Total Assessment | $2,189,781 CAD |
Property Taxes
Parcel Number
07-30-15-50142-000-0010
Land Assessment
$640,598 CAD
Improvements Assessment
$1,549,184 CAD
Total Assessment
$2,189,781 CAD
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Presented by
Chase Bank | 13883 Walsingham Rd
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