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Chase Bank

$1,600,000

1100 East Franklin Avenue E, Minneapolis, MN 55404

Active
Last Updated: 09/30/2025

5.5

Cap Rate

88,000

NOI

Details:
Cap Rate:    5.5%
NOI:    $88,000
Building Size:    3,000 sqft
Lot Area:    0.17 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    1918
Tenancy:    Single
Year Last Renovated:    2019
Highlights:
  • Chase Bank has just under 10 years remaining on its original lease with 10% increases every 5 years.
  • JPMorgan Chase Bank has an S&P Rating of AA- with over 4,700 branch locations and 15,000 ATMs.
  • Bank Deposits of $31.1 Million as of 6/30/2025.
  • This property is located near a new 30,000 SQ.FT. clinic with medical, dental, and behavioral health services, as well as an 83-unit apartment building.
  • Located near many Interstates and Highways seeing upwards of 183,000 vehicles per day.
  • Excellent demographics with a 5-mile population of 519,822 and an average household income of $118,473.
  • Just a short distance away from downtown Minneapolis, offering a wealth of entertainment, dining, and cultural experiences, including museums, theaters, and sports venues.
Description:

Chase Bank is located in the Ventura Village of Minneapolis. Ventura Village is a vibrant and historically rich neighborhood nestled within the Phillips community of Minneapolis. Officially established as a distinct neighborhood in 2002, it’s located just south of downtown, bordered by major interstates (I-35W and I-94) and Hiawatha Avenue. The name "Ventura" itself, meaning happiness or luck in Spanish, reflects the community's hopeful spirit for its future.

Map:
Documents:
Title
Chase_Bank_-_Minneapolis__MN_MP.pdf
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