Chase Bank Ground Lease
$3,723,077
39516 Daisy Mountain Drive, Anthem, AZ 85086
5.2
Cap Rate
193,600
NOI
Details:
Description:
Colliers International is pleased to exclusively offer for sale this single tenant Chase Bank ground lease located at 39516 Daisy Mountain Drive in Anthem, Arizona. This Chase Bank is an outlot to a 130,000 square foot, 100% leased shopping center anchored by Fry’s grocery store. Anthem is 30 miles north of downtown Phoenix. The city of Anthem was originally designed as a master-planned Del Webb community a company that focuses on key demographics for retirement communities. The city has since grown to many young families and was recently described by Parenting magazine as one the best places to raise a family.
The Property is a 4,137 square-foot single story building leased to Chase Bank. Chase is operating under a ground lease that runs through June 30, 2027 with significant rent bumps every five years. The next rent increase occurs on July 1st, 2022. In addition to its tremendous visibility, the site boasts traffic counts in excess of 17,427 VPD. Chase operates three branches in Anthem and commands a 33.55% market share, larger than any other bank in the market by over 7.55%.
Documents:
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Chase_Bank__AZ_OM.pdf
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Location
Gallery
