Chase Bank

Chase Bank

Chase Bank
1593 Brandon Boulevard
Brandon, FL 33511

$3,175,000

Cap Rate 4.00%
Gross Leasable Area (GLA) 3,496 Sq.Ft.
Price Per Square Foot (GLA) $908
Year Built 2017
Lot Size 1.99 Acres
  • Brand New Construction - Absolute Triple Net Ground Lease
  • Large 3,496 Square Foot Prototype With Three Drive Thru Lanes
  • Massive 1.99 Acre Lot; Strong Intrinsic Value of the Underlying Land
  • Extremely High Traffic Counts Exceeding 94,000 Vehicles Per Day
  • Ten Percent Increases in Rent in the Base Term and in the Option Periods
  • No State Income Tax
  • Located Within the Tampa MSA, One of the Fastest Growing Cities in the U.S
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Chase Bank (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale this Chase Bank ground lease, located in Brandon, Florida. Chase has signed a brand new 20-Year Ground Lease which includes ten percent increases in rent during the base term and in each of the four (five year) options. Construction has commenced, with an anticipated rent commencement date scheduled prior to September 5, 2017. This is a relocation branch, replacing two local market branches.

This New 3,496 Square Foot Prototype Chase Bank will include two drive up ATMs and is situated on a massive 1.99 Acre Parcel of Land. This section of West Brandon Boulevard experiences extremely high traffic counts exceeding 94,000 Vehicles Per Day.

Neighboring retailers include WAWA, Portillos Hot Dogs, Publix, Petsmart, Dennys, Chuck E Cheese and Sams Club. Westfield Brandon Mall, a 1.1 Million Square Foot Regional Mall, is located less than one mile to the west of this Chase Bank.

For More Information, Please Contact:

James Medefind

First Vice President Investments
(813) 387-4788
James.Medefind@MarcusMillichap.com