Tenant
Two
Tenant ___________ NNN INVESTMENT
ACTUAL SITE
OPPORTUNITY
MCALLEN, TEXAS
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
TABLE OF CONTENTS | 2
TABLE OF CONTENTS INVESTMENT SUMMARY................ 3 HIGHLIGHTS................................. 4 PROPERTY DESCRIPTION.............. 5 AERIAL VIEW & SITE PLAN............ 6 AREA OVERVIEW..........................10
REPRESENTATIVE PHOTO
RENT ROLL..................................11 TENANT SYNOPSIS.......................13
This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has
EXCLUSIVELY MARKETED BY
been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any
MATTHEW MOUSAVI | Managing Principal SRS National Net Lease Group 610 Newport Center Drive, Suite 400 | Newport Beach, CA 92660 DL: 949.698.1116 | M: 714.404.8849
other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.
[email protected] | License No. 01732226 PATRICK R. LUTHER, CCIM | Managing Principal SRS National Net Lease Group 610 Newport Center Drive, Suite 400 | Newport Beach, CA 92660 DL: 949.698.1115 | M: 480.221.4221 [email protected] | License No. 01209944 BRAD GIBBS| Senior Associate DL: 214.560.3238 | M: 214.435.4866 [email protected] | License No. 611900
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS KRISPY KREME - MCALLEN, TX SRS National Net Lease Group is pleased to offer the opportunity to acquire a 100% net leased, two-tenant (Krispy Kreme and Chase Bank ATM), property located in the rapidly growing city of McAllen, Texas. The property is located within the primary retail trade area serving McAllen with adjacent tenants including Costco, Lowe’s, and Best Buy. Krispy Kreme has 11 years remaining in the primary term, and features 10% rental increases every 5 years during the primary term and at the beginning of each 3 (5-year) option period. Chase Bank ATM has 3.5 years remaining in the primary term and features 10% rental increases at the beginning of each 2 (5-year) option period. Krispy Kreme is under a sublease to former tenant, Taco Cabana, which is guaranteed by Carrol’s Corp (NASDAQ: TAST).
ACTUAL SITE
The subject property is strategically located along E. Expressway 83 (104,000 VPD) providing prominent highway visibility along with easy access through the nearby on/off-ramp. Its close proximity to the Mexican border allows it draw from both the US and Mexico, including the nearby, second wealthiest city of Mexico, Monterrey. The densely populated city of Monterrey has approximately 1.2 MM people. The prominent trade area features national/credit tenants including: Costco, Lowe’s, Wal-Mart, Sam’s Club, Home Depot, Target, PetSmart and much more. Additionally, there are more than 227,500 residents with an average household income higher than $53,000 within 5 miles of the subject property. Furthermore, the trade area is supported by more than 110,400 daytime employees within a 5 mile radius.
INVESTMENT SUMMARY | 3 OFFERING Pricing:
$2,711,000
Net Operating Income:
$149,100
5.50%
Lease Type:
NNN
Landlord Responsibilities:
None
Cap Rate:
Guarantees:
Corporate
Tenants:
Krispy Kreme
Chase Bank ATM (S&P: A+)
PROPERTY SPECIFICATIONS Rentable Area: SF Land Area: Property Address: Year Built Parcel Number: Ownership:
3,616 SF .99 Acres 1420 E. Expressway 83 McAllen, TX 78503 2007 J242000000000200 Fee Simple (Land & Building)
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
HIGHLIGHTS | 4
LONG-TERM (NNN) LEASES / FEE SIMPLE OWNERSHIP
LOCATED ALONG U.S. HIGHWAY 83
• Krispy Kreme and Chase have been at this location since 2007
• The property is located just off the U.S. Highway 83 (104,000 vehicles per day)
• Krispy Kreme has 9.5 years remaining in their primary term
• Prominent highway visibility
• Minimal cost to maintain land or building
• Direct on/off-ramp access
• Limited landlord management
ACROSS FROM COSTCO / NEAR 24-HOUR WALMART & CREDIT TENANTS / PROMINENT MONUMENT SIGNAGE
KRISPY KREME - STNL DRIVE-THRU BUILDING • Krispy Kreme features a highly desirable drive-thru, freestanding building • On average, stores with drive-thrus have higher sales than stores without
• Nearby national/credit tenants include: Costco, Lowe’s, Walmart, Sam’s Club, Home Depot, Target, PetSmart, and much more
• Drive-thru feature provides ease and convenience for customers
• This close proximity generates excellent crossover traffic and tenant synergy
CHASE - ATM DRIVE-THRU
• The property is ideally located near the signalized, hard corner intersection of S. Frontage Street (on-ramp for Highway 83) and Jackson Road (23,400 VPD)
• Chase has an investment grade credit rating of S&P: A+ • The Chase ATM drive-thru provides customers the convenience and safety of banking while remaining within their car
• The prominent monument signage on the main thoroughfare further increases visibility for the subject property STRONG DEMOGRAPHICS IN THE TRADE AREA
REPRESENTATIVE PHOTO
• There are more than 227,500 residents with an average annual household income of $53,000 and more than 110,400 employees within a 5-mile radius of the subject property
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
PROPERTY DESCRIPTION | 5
PROPERTY DESCRIPTION PARCEL Parcel: J242000000000200
Acres: 0.99
Square Feet: 43,124
Commercial
ACTUAL SITE
ZONING
ACCESS There is a total of four access points with two (2) along E. Expressway 83 and two (2) along South Jackson Road. TRAFFIC COUNTS U.S. Highway 83:...............................................................................................................................104,000 South Jackson Road:..............................................................................................................................23,400
IMPROVEMENTS There is approximately 3,616 SF of existing building area.
YEAR BUILT 2007
ACTUAL SITE
PARKING There are approximately 50 parking spaces on the owned parcel. The parking ratio is approximately 13.83 per 1,000 SF of leasable area.
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AERIAL VIEW | 6
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AERIAL VIEW | 7
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
LOCATION MAP | 8 2015 Estimated Population 1 Mile............................................. 9,227 3 Mile........................................... 94,031
2015 Average Household Income 1 Mile......................................... $47,283 3 Mile......................................... $49,026
2015 Estimated Total Employees 1 Mile........................................... 12,852 3 Mile........................................... 66,279 HOUSTON SAN ANTONIO
CORPUS CHRISTI
SUBJECT PROPERTY
MCALLEN MONTERREY
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
SITE PLAN | 9 S. Jackson Rd. 23,400 VPD
(ATM) DRI
VE-T
HRU
Nail Sap
E. E
xpy
104
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0 VP
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. 83
Mon u Signment
Kid Tique
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AREA OVERVIEWS | 10
CITY OF MCALLEN
DEMOGRAPHICS
Located in the heart of the Rio Grande Valley of Southern Texas, McAllen is the largest city in Hidalgo County. McAllen is only eight miles away from the U.S. – Mexico border, enabling the city to be the center of commerce between these two nations.
2015 Estimated Population 9,227 94,031 227,468 2020 Projected Population 9,684 101,064 243,895 2010 Census Population 8,877 87,645 214,276 2000 Census Population 8,044 77,593 170,050 Projected Annual Growth 2015 to 2020 0.97% 1.45% 1.40% Historical Annual Growth 2010 to 2015 0.74% 1.35% 1.14% 2015 Estimated Households 2,899 30,795 69,393 2020 Projected Households 3,055 33,219 74,680 2010 Census Households 2,781 28,558 64,912 2000 Census Households 2,634 24,215 50,132 Projected Annual Growth 2015 to 2020 1.05% 1.53% 1.48% Historical Annual Growth 2010 to 2015 0.79% 1.45% 1.28% 2015 Estimated White 79.30% 82.90% 84.40% 2015 Estimated Black or African American 0.90% 0.90% 0.90% 2015 Estimated Asian or Pacific Islander 1.60% 1.20% 1.60% 2015 Estimated American Indian or Native Alaskan 0.50% 0.50% 0.50% 2015 Estimated Other Races 15.70% 12.80% 10.90% 2015 Estimated Hispanic 87.30% 90.20% 90.00% 2015 Estimated Average Household Income $47,283 $49,026 $53,210 2015 Estimated Median Household Income $27,890 $33,062 $36,833 2015 Estimated Per Capita Income $16,165 $16,113 $16,378 2015 Estimated Total Businesses 814 6,006 10,315 2015 Estimated Total Employees 12,852 66,279 110,437
Due to its proximity to Mexico, the city has made a tremendous effort to enhance McAllen by providing great amenities, offering first-rate commercial and retail facilities, and promoting trade with Mexico. An integral part of the McAllen economy are tourists and investors from Mexico who often visit the city to shop and relax. McAllen is ranked 3rd in Texas in per capita sales tax receipts. South Texas provides opportunity for small and large businesses, new entrepreneurs, and professional job seekers. Forbes ranked the region as one of the best performing and fastest growing areas in the nations. Aside from the state’s incentives and pro-business tax laws, the Rio Grande Valley is the home of many industries.
DISTANCE TO POINTS OF INTEREST
2 MILES
3.5 MILES
McAllen Medical Center
McAllen International Airport
4.5 MILES
4.5 MILES
McAllen Convention Center
1/4 MILE
1/4 Mile
McAllen Parks & Recreation
1/2 Mile
1/2 Mile
1 Mile
3 Miles
5 Miles
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
TENANT SYNOPSIS | 11 KRISPY KREME DOUGHNUTS, INC Krispy Kreme Doughnuts operates a leading chain of doughnut outlets with more than 1,000 locations throughout the US and in 25 other countries. The shops are popular for their glazed doughnuts that are served fresh and hot out of the fryer. In addition to its original glazed variety, Krispy Kreme serves cake and filled doughnuts, crullers, and fritters, as well as hot coffee and other beverages. The company owns and operates 114 locations and franchises the rest. Krispy Kreme also markets its doughnuts through grocery stores and supermarkets.
Tenant Name
Square Feet
Lease Start
Lease End
Begin
Monthly
Annually
Recovery Type
Options: 3 (5-year)
Taco Cabana
3,616
12/13/2007
12/31/2027
Current
$10,725
$128,700
NNN
Option 1: $171,299/Yr
(Sublessee: Krispy Kreme)
1/1/2018 $11,798 $141,570
Option 2: $188,429/Yr
Option 3: $207,272/Yr
1/1/2023
$12,977
$155,727
CHASE BANK Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with operations worldwide. It serves nearly half of America’s households with a broad range of financial services, including personal banking, small business lending, mortgages, credit cards, auto financing and investment advice. It has more than 5,300 branches, 15,500 ATMs across the world.
Tenant Name Chase Bank ATM
Square Feet
Lease Start
Lease End
Begin
Monthly
Annually
Recovery Type
Options: 2 (5-year)
.02 Acres
12/13/2007
11/30/2019
Current
$1,700
$20,400
NNN
Option 1: $22,440/Yr
(Land Area)
REPRESENTATIVE PHOTO
Option 2: $24,684/Yr
REPRESENTATIVE PHOTO
Tenant ___________ NNN INVESTMENT
ACTUAL SITE
OPPORTUNITY
MCALLEN, TEXAS
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
TABLE OF CONTENTS | 2
TABLE OF CONTENTS INVESTMENT SUMMARY................ 3 HIGHLIGHTS................................. 4 PROPERTY DESCRIPTION.............. 5 AERIAL VIEW & SITE PLAN............ 6 AREA OVERVIEW..........................10
REPRESENTATIVE PHOTO
RENT ROLL..................................11 TENANT SYNOPSIS.......................13
This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has
EXCLUSIVELY MARKETED BY
been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any
MATTHEW MOUSAVI | Managing Principal SRS National Net Lease Group 610 Newport Center Drive, Suite 400 | Newport Beach, CA 92660 DL: 949.698.1116 | M: 714.404.8849
other written or oral communications transmitted or made available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.
[email protected] | License No. 01732226 PATRICK R. LUTHER, CCIM | Managing Principal SRS National Net Lease Group 610 Newport Center Drive, Suite 400 | Newport Beach, CA 92660 DL: 949.698.1115 | M: 480.221.4221 [email protected] | License No. 01209944 BRAD GIBBS| Senior Associate DL: 214.560.3238 | M: 214.435.4866 [email protected] | License No. 611900
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS KRISPY KREME - MCALLEN, TX SRS National Net Lease Group is pleased to offer the opportunity to acquire a 100% net leased, two-tenant (Krispy Kreme and Chase Bank ATM), property located in the rapidly growing city of McAllen, Texas. The property is located within the primary retail trade area serving McAllen with adjacent tenants including Costco, Lowe’s, and Best Buy. Krispy Kreme has 11 years remaining in the primary term, and features 10% rental increases every 5 years during the primary term and at the beginning of each 3 (5-year) option period. Chase Bank ATM has 3.5 years remaining in the primary term and features 10% rental increases at the beginning of each 2 (5-year) option period. Krispy Kreme is under a sublease to former tenant, Taco Cabana, which is guaranteed by Carrol’s Corp (NASDAQ: TAST).
ACTUAL SITE
The subject property is strategically located along E. Expressway 83 (104,000 VPD) providing prominent highway visibility along with easy access through the nearby on/off-ramp. Its close proximity to the Mexican border allows it draw from both the US and Mexico, including the nearby, second wealthiest city of Mexico, Monterrey. The densely populated city of Monterrey has approximately 1.2 MM people. The prominent trade area features national/credit tenants including: Costco, Lowe’s, Wal-Mart, Sam’s Club, Home Depot, Target, PetSmart and much more. Additionally, there are more than 227,500 residents with an average household income higher than $53,000 within 5 miles of the subject property. Furthermore, the trade area is supported by more than 110,400 daytime employees within a 5 mile radius.
INVESTMENT SUMMARY | 3 OFFERING Pricing:
$2,711,000
Net Operating Income:
$149,100
5.50%
Lease Type:
NNN
Landlord Responsibilities:
None
Cap Rate:
Guarantees:
Corporate
Tenants:
Krispy Kreme
Chase Bank ATM (S&P: A+)
PROPERTY SPECIFICATIONS Rentable Area: SF Land Area: Property Address: Year Built Parcel Number: Ownership:
3,616 SF .99 Acres 1420 E. Expressway 83 McAllen, TX 78503 2007 J242000000000200 Fee Simple (Land & Building)
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
HIGHLIGHTS | 4
LONG-TERM (NNN) LEASES / FEE SIMPLE OWNERSHIP
LOCATED ALONG U.S. HIGHWAY 83
• Krispy Kreme and Chase have been at this location since 2007
• The property is located just off the U.S. Highway 83 (104,000 vehicles per day)
• Krispy Kreme has 9.5 years remaining in their primary term
• Prominent highway visibility
• Minimal cost to maintain land or building
• Direct on/off-ramp access
• Limited landlord management
ACROSS FROM COSTCO / NEAR 24-HOUR WALMART & CREDIT TENANTS / PROMINENT MONUMENT SIGNAGE
KRISPY KREME - STNL DRIVE-THRU BUILDING • Krispy Kreme features a highly desirable drive-thru, freestanding building • On average, stores with drive-thrus have higher sales than stores without
• Nearby national/credit tenants include: Costco, Lowe’s, Walmart, Sam’s Club, Home Depot, Target, PetSmart, and much more
• Drive-thru feature provides ease and convenience for customers
• This close proximity generates excellent crossover traffic and tenant synergy
CHASE - ATM DRIVE-THRU
• The property is ideally located near the signalized, hard corner intersection of S. Frontage Street (on-ramp for Highway 83) and Jackson Road (23,400 VPD)
• Chase has an investment grade credit rating of S&P: A+ • The Chase ATM drive-thru provides customers the convenience and safety of banking while remaining within their car
• The prominent monument signage on the main thoroughfare further increases visibility for the subject property STRONG DEMOGRAPHICS IN THE TRADE AREA
REPRESENTATIVE PHOTO
• There are more than 227,500 residents with an average annual household income of $53,000 and more than 110,400 employees within a 5-mile radius of the subject property
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
PROPERTY DESCRIPTION | 5
PROPERTY DESCRIPTION PARCEL Parcel: J242000000000200
Acres: 0.99
Square Feet: 43,124
Commercial
ACTUAL SITE
ZONING
ACCESS There is a total of four access points with two (2) along E. Expressway 83 and two (2) along South Jackson Road. TRAFFIC COUNTS U.S. Highway 83:...............................................................................................................................104,000 South Jackson Road:..............................................................................................................................23,400
IMPROVEMENTS There is approximately 3,616 SF of existing building area.
YEAR BUILT 2007
ACTUAL SITE
PARKING There are approximately 50 parking spaces on the owned parcel. The parking ratio is approximately 13.83 per 1,000 SF of leasable area.
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AERIAL VIEW | 6
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AERIAL VIEW | 7
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
LOCATION MAP | 8 2015 Estimated Population 1 Mile............................................. 9,227 3 Mile........................................... 94,031
2015 Average Household Income 1 Mile......................................... $47,283 3 Mile......................................... $49,026
2015 Estimated Total Employees 1 Mile........................................... 12,852 3 Mile........................................... 66,279 HOUSTON SAN ANTONIO
CORPUS CHRISTI
SUBJECT PROPERTY
MCALLEN MONTERREY
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
SITE PLAN | 9 S. Jackson Rd. 23,400 VPD
(ATM) DRI
VE-T
HRU
Nail Sap
E. E
xpy
104
,00
0 VP
D
. 83
Mon u Signment
Kid Tique
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
AREA OVERVIEWS | 10
CITY OF MCALLEN
DEMOGRAPHICS
Located in the heart of the Rio Grande Valley of Southern Texas, McAllen is the largest city in Hidalgo County. McAllen is only eight miles away from the U.S. – Mexico border, enabling the city to be the center of commerce between these two nations.
2015 Estimated Population 9,227 94,031 227,468 2020 Projected Population 9,684 101,064 243,895 2010 Census Population 8,877 87,645 214,276 2000 Census Population 8,044 77,593 170,050 Projected Annual Growth 2015 to 2020 0.97% 1.45% 1.40% Historical Annual Growth 2010 to 2015 0.74% 1.35% 1.14% 2015 Estimated Households 2,899 30,795 69,393 2020 Projected Households 3,055 33,219 74,680 2010 Census Households 2,781 28,558 64,912 2000 Census Households 2,634 24,215 50,132 Projected Annual Growth 2015 to 2020 1.05% 1.53% 1.48% Historical Annual Growth 2010 to 2015 0.79% 1.45% 1.28% 2015 Estimated White 79.30% 82.90% 84.40% 2015 Estimated Black or African American 0.90% 0.90% 0.90% 2015 Estimated Asian or Pacific Islander 1.60% 1.20% 1.60% 2015 Estimated American Indian or Native Alaskan 0.50% 0.50% 0.50% 2015 Estimated Other Races 15.70% 12.80% 10.90% 2015 Estimated Hispanic 87.30% 90.20% 90.00% 2015 Estimated Average Household Income $47,283 $49,026 $53,210 2015 Estimated Median Household Income $27,890 $33,062 $36,833 2015 Estimated Per Capita Income $16,165 $16,113 $16,378 2015 Estimated Total Businesses 814 6,006 10,315 2015 Estimated Total Employees 12,852 66,279 110,437
Due to its proximity to Mexico, the city has made a tremendous effort to enhance McAllen by providing great amenities, offering first-rate commercial and retail facilities, and promoting trade with Mexico. An integral part of the McAllen economy are tourists and investors from Mexico who often visit the city to shop and relax. McAllen is ranked 3rd in Texas in per capita sales tax receipts. South Texas provides opportunity for small and large businesses, new entrepreneurs, and professional job seekers. Forbes ranked the region as one of the best performing and fastest growing areas in the nations. Aside from the state’s incentives and pro-business tax laws, the Rio Grande Valley is the home of many industries.
DISTANCE TO POINTS OF INTEREST
2 MILES
3.5 MILES
McAllen Medical Center
McAllen International Airport
4.5 MILES
4.5 MILES
McAllen Convention Center
1/4 MILE
1/4 Mile
McAllen Parks & Recreation
1/2 Mile
1/2 Mile
1 Mile
3 Miles
5 Miles
KRISPY KREME - CHASE BANK ATM | MCALLEN, TEXAS
TENANT SYNOPSIS | 11 KRISPY KREME DOUGHNUTS, INC Krispy Kreme Doughnuts operates a leading chain of doughnut outlets with more than 1,000 locations throughout the US and in 25 other countries. The shops are popular for their glazed doughnuts that are served fresh and hot out of the fryer. In addition to its original glazed variety, Krispy Kreme serves cake and filled doughnuts, crullers, and fritters, as well as hot coffee and other beverages. The company owns and operates 114 locations and franchises the rest. Krispy Kreme also markets its doughnuts through grocery stores and supermarkets.
Tenant Name
Square Feet
Lease Start
Lease End
Begin
Monthly
Annually
Recovery Type
Options: 3 (5-year)
Taco Cabana
3,616
12/13/2007
12/31/2027
Current
$10,725
$128,700
NNN
Option 1: $171,299/Yr
(Sublessee: Krispy Kreme)
1/1/2018 $11,798 $141,570
Option 2: $188,429/Yr
Option 3: $207,272/Yr
1/1/2023
$12,977
$155,727
CHASE BANK Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with operations worldwide. It serves nearly half of America’s households with a broad range of financial services, including personal banking, small business lending, mortgages, credit cards, auto financing and investment advice. It has more than 5,300 branches, 15,500 ATMs across the world.
Tenant Name Chase Bank ATM
Square Feet
Lease Start
Lease End
Begin
Monthly
Annually
Recovery Type
Options: 2 (5-year)
.02 Acres
12/13/2007
11/30/2019
Current
$1,700
$20,400
NNN
Option 1: $22,440/Yr
(Land Area)
REPRESENTATIVE PHOTO
Option 2: $24,684/Yr
REPRESENTATIVE PHOTO
