Chase Bank
3,176 SF | Retail Building | Louisville, KY 40218 | $3,883,043 ($1,223/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,883,043
- Property Type
-
Retail
- Square Feet
- 3,176 SF
- Price / Square Foot
- $1,223
Listing Contacts
Jimmy Goodman
Verified Profile
Randy Blankstein
Verified Profile
- Property Info
Property Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Chase Bank located in Louisville, Kentucky. Chase Bank has an operating history that spans multiple decades at this location. Chase Bank has further demonstrated their commitment by signing an early 10-year lease extension that extends the lease through October 2036. JP Morgan Chase is an investment grade rated tenant, rated A+ by Standard & Poor’s.
The 3,176 square-foot building benefits from its position along Bardstown Road (50,000+ VPD) and proximity to Interstate 264 which hosts over 182,000 vehicles per day. The subject property is located on an outparcel of a shopping center anchored by Lowe’s Home Improvement, Target, and Walmart Supercenter. Retailers occupying the neighboring shopping centers include Costco, Burlington, Kroger, Walgreens, Harbor Freight, and several others. The property is also located 20 minutes southeast of downtown Louisville and blocks from Seneca High school which hosts over 1,250 students. There are over 253,000 people living within a five-mile radius where the average household income is $94,633.
Chase Bank, the U.S. consumer and commercial banking arm of JPMorgan Chase & Co. (NYSE: JPM), is an integral component of a leading global financial services firm with operations spanning over 60 countries and $2.6 trillion in assets. Founded in 1799 as the Bank of the Manhattan Company, Chase boasts a rich heritage steeped in financial innovation and service excellence. Today, it serves millions of customers nationwide, with over 4,700 branches and 16,000 ATMs, making it one of the largest banking institutions in the United States.
The 3,176 square-foot building benefits from its position along Bardstown Road (50,000+ VPD) and proximity to Interstate 264 which hosts over 182,000 vehicles per day. The subject property is located on an outparcel of a shopping center anchored by Lowe’s Home Improvement, Target, and Walmart Supercenter. Retailers occupying the neighboring shopping centers include Costco, Burlington, Kroger, Walgreens, Harbor Freight, and several others. The property is also located 20 minutes southeast of downtown Louisville and blocks from Seneca High school which hosts over 1,250 students. There are over 253,000 people living within a five-mile radius where the average household income is $94,633.
Chase Bank, the U.S. consumer and commercial banking arm of JPMorgan Chase & Co. (NYSE: JPM), is an integral component of a leading global financial services firm with operations spanning over 60 countries and $2.6 trillion in assets. Founded in 1799 as the Bank of the Manhattan Company, Chase boasts a rich heritage steeped in financial innovation and service excellence. Today, it serves millions of customers nationwide, with over 4,700 branches and 16,000 ATMs, making it one of the largest banking institutions in the United States.
Property Details
- Class
- C
- Year Built
- 1975
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- Positioned within the Louisville MSA
- JP Morgan Chase is an investment grade rated tenant – S&P: A+
- Early 10-year lease extension through October 2036
- Multi-decade operating history
- NNN– no landlord responsibilities
- Outparcel in a Lowe’s anchored shopping center
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