4899 W Atlantic Ave - Bank FOR SALE


Delray Beach, FL 33445- Outer Delray Beach
$6,000,000 USD
954-830-1294
4899 W Atlantic Ave, Delray Beach, FL for Sale
$6,000,000 USD
Bank - FOR SALE
1/9
null | 4.75% Cap Rate

4899 W Atlantic Ave
Delray Beach, FL 33445
Outer Delray Beach


HIGHLIGHTS

  • Highest-rated NNN tenant credit
  • 20-year operating tenure
  • Premium Cap Rate
  • Well above consolidation-risk thresholds
  • 10% escalations at each option
  • Strong replacement tenant profile

OVERVIEW

CBRE, Inc., as exclusive advisor, is pleased to present for sale Chase Bank Delray, located at 4899 W. Atlantic Ave. in Delray Beach, Florida. The offering represents a rare opportunity to acquire a freestanding, absolute NNN-leased JPMorgan Chase branch in one of Palm Beach County’s strongest retail corridors, with zero landlord responsibilities and the highest-rated tenant credit in the NNN market. JPMorgan Chase Bank (S&P: A+/Moody’s: Aa2) has operated continuously at this location since 2005 and is currently in its second renewal term, with four years of term remaining and two additional five-year options extending the lease through 2040. Each option period carries a 10% rent escalation, providing a built-in income growth profile rarely found at this credit level. The branch reports more than $269 million in FDIC-reported deposits, placing it among the strongest- performing Chase locations in the submarket and underscoring the tenant’s operational commitment to this site. That performance record provides high confidence in occupancy continuity through the full lease term. The asset also offers a compelling yield premium relative to newer Chase locations in less established trade areas, rewarding investors for a branch with a proven track in one of the most desirable retail locations in South Florida.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$1,210 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

PC

APN/PARCEL ID

12-42-46-13-00-000-7190

ASK ABOUT THIS PROPERTY

954-830-1294

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954-830-1294

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