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Chase Bank Ground Lease 2035 Cheney Hwy 3,333 SF Retail Building Titusville, FL 32780 $3,528,356 CAD ($1,058.61 CAD/SF) 4.65% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Corporate Ground Lease with 10% Increases Every 5 Years
- Leading Financial Services Firm Based in the U.S. with $4.6 Trillion in Assets
- Significant Capital Investment by Tenant to Build New Bank Branch
- Investment Grade Tenant (NYSE: JPM; S&P: AA-), 5,300+ Branches in 48 States
- Chase Has Opened More Branches Than All Large Bank Peers Combined Over the Last 7 Years
- Strategic Location, $12.27 Billion in Deposits in 6-County Central Florida Region in 2024
Property Facts Under Contract
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,333 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,528,356 CAD
Price Per SF
$1,058.61 CAD
Cap Rate
4.65%
NOI
$164,046 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
8.61 AC
Zoning
CC - Commercial Community
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-35-28-00-00250.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,190,452 CAD |
Property Taxes
Parcel Number
22-35-28-00-00250.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,190,452 CAD
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Chase Bank Ground Lease | 2035 Cheney Hwy
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