JP Morgan Chase Bank

$1,760,000

1100 East Franklin Avenue, Minneapolis, MN 55404

For Sale

Retail Other

Active

Last Updated: 05/14/2025

Details:

Cap Rate: 5%

NOI: $88,000

Building Size: 3,000 sqft

Lot Area: 0.17 acres

Lease Type: Triple Net

Year Built: 1918

Price Per Sqft: $586.67

Tenancy: Single

Year Last Renovated: 2019

Lease Expire Year: 05/31/2035

Highlights:

Chase Bank has 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 $25.4 Million as of 6/30/2024.
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 515,581 and an average household income of $117,871.
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 Ventura Village, a vibrant and historically rich neighborhood nestled within the Phillips community of Minneapolis. With a 5-mile population of 515,581 and an average household income of $117,871. 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 seeing upwards of 183,000 vehicles per day. The name "Ventura" itself, meaning happiness or luck in Spanish, reflects the community's hopeful spirit for its future.