Azle, TX - Chase Bank

Description:

• The Tenant, JPMorgan Chase Bank, recently signed a brand new 20-year lease with 4(5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and scheduled increases of 10% or more at the beginning of each option period, steadily growing NOI and hedging against inflation

• The Chase Bank is located within walking distance from a 182,000+ square foot Walmart Supercenter with over 2.4 million visits last 12 months
• Located in a primary retail corridor with other nearby national/credit tenants including CVS, Whataburger, Alberstons, Dutch Bros, Walgreens, and more
• Strong tenant synergy promotes crossover shopping to the subject property
• Prominent frontage along a corridor traveled by more than 21,000 vehicles daily

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Listing ID: a28TP000001qWPpYAM