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Chase Bank NNN Ground Lease 16884 E Colonial Dr 2,290 SF Retail Building Orlando, FL 32820 $4,749,500 CAD ($2,074.02 CAD/SF) 4% Cap Rate

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Investment Highlights

  • 15 Year NNN Ground Lease
  • Rent Commencement of 4/1/2026
  • New Construction
  • Located across the street from Publix

Executive Summary

Chase Bank ground lease for new construction of a 2,290 SF freestanding building on 1.1 AC with scheduled opening/commencement date of April 1, 2026

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $189,980 $82.96

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $189,980
Annual Per SF $82.96

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,290 SF
Building Class
C
Year Built
2006
Price
$4,749,500 CAD
Price Per SF
$2,074.02 CAD
Cap Rate
4%
NOI
$189,980 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
C-1 - Neighborhood Commercial zone allowing small-scale retail, services, and community-oriented businesses.
Parking
26 Spaces (11.35 Spaces per 1,000 SF Leased)
Frontage
178’ on Colonial Dr

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Finance and Insurance
  • 2,290 SF
  • $83.58 CAD
  • Triple Net
  • Dec 2040

Chase Bank traces its origins to 1799 when The Manhattan Company was established in New York City. It became JPMorgan Chase & Co. after merging with J.P. Morgan in 2000, creating a financial powerhouse. The bank provides extensive consumer services including checking accounts, savings options, credit cards, and mortgages. Their commercial banking division serves businesses with lending, treasury services, and merchant solutions. While maintaining numerous branches nationwide, they've expanded digital offerings to meet modern customer needs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Finance and Insurance 2,290 SF $83.58 CAD Triple Net Dec 2040

Nearby Major Retailers

Publix
Fifth Third Bank
Zaxby's

Property Taxes

Property Taxes

Parcel Number
20-2232-4910-00-021
Land Assessment
$1,726,313 CAD (2025)
Improvements Assessment
$1,084,094 CAD (2025)
Total Assessment
$1,726,313 CAD (2025)
  • Listing ID: 30850228

  • Date on Market: 2024-02-02

  • Last Updated:

  • Address: 16884 E Colonial Dr, Orlando, FL 32820

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