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Chase Bank Ground Lease 651 E Red Bridge Rd 3,293 SF Retail Building Kansas City, MO 64131 $3,060,969 CAD ($929.54 CAD/SF) 4.80% Cap Rate
Investment Highlights
- Long-term corporate ground lease to JPMorgan Chase Bank, N.A.
- 3,293 SF newly constructed building featuring natural stone finishes
- Situated within a historic grocery-anchored shopping center also featuring hardware, restaurant, fitness, and regional children’s museum anchors
- 0.68-acre pad site at an established South Kansas City neighborhood shopping center, originally built in 1959
- Scheduled 10% base rent increases every 5 years
Executive Summary
15-Year Term with 5 renewal Options
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,293 SF
Building Class
C
Year Built
2026
Price
$3,060,969 CAD
Price Per SF
$929.54 CAD
Cap Rate
4.80%
NOI
$146,926 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
15.18 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chase Bank
- Finance and Insurance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chase Bank | Finance and Insurance | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 65-240-02-43-00-0-00-000 | Improvements Assessment | $6,277,290 CAD |
| Land Assessment | $719,881 CAD | Total Assessment | $6,997,172 CAD |
Property Taxes
Parcel Number
65-240-02-43-00-0-00-000
Land Assessment
$719,881 CAD
Improvements Assessment
$6,277,290 CAD
Total Assessment
$6,997,172 CAD
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Chase Bank Ground Lease | 651 E Red Bridge Rd
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