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Demographic Information (5-mile radius)
519,822
528,514
$118,473
$82,888

Chase Bank

Chase Bank 1100 E Franklin Ave, Minneapolis, MN, 55404
$1,600,000
  • Type: Retail
  • Availability: Available
  • Tenancy: Single Tenant
  • Cap Rate: 5.50%
  • NOI: $88,000
  • Lease Type: NNN
  • Lease Expiration: May 31, 2035
  • Tenant: JPMorgan Chase Bank N.A.
  • Rent Increases: 10% Every 5 Years

Property 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.

Property Summary

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.

Contact

Deborah Vannelli, CCIM
612.376.4475
[email protected]

Keith A. Sturm, CCIM
612.376.4488
[email protected]

Amanda Leathers
612-436-0045
[email protected]