5805 Chippewa St - Bank FOR SALE


Saint Louis, MO 63109- Northampton
$1,540,000 USD
972-755-5207
5805 Chippewa St, Saint Louis, MO for Sale
$1,540,000 USD
Bank - FOR SALE
1/4
null | 4.75% Cap Rate

5805 Chippewa St
Saint Louis, MO 63109
Northampton


HIGHLIGHTS

  • New Development Chase Bank – Corporate Ground Lease with 12.7 Years Remaining & 10% Rental Escalations Every Five Years
  • Signalized Hard Corner on Chippewa Street (16,381 VPD) in Established St. Louis Corridor
  • Below-Market Rent and Low Price-Point Compared to Other Chase Banks Nationally
  • Investment-Grade National Credit Tenant
  • Adjacent to Hampton Village Shopping Center (Anchored by Target, Schnucks, Ross Dress for Less)
  • Prime St. Louis MSA Location – 2.8 Million Residents & 1.4 Million-Strong Workforce

OVERVIEW

Offered for sale is the opportunity to acquire a ground lease Chase Bank in St. Louis, MO. The property consists of a 3,288-square-foot, freestanding building that sits on approximately 0.33 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years. Broker of Record David Saverin 7800 Forsyth Blvd., Ste. 710 St. Louis, MO 63105 (314) 889-2500 David.Saverin@marcusmillichap.com Lic #: 2008013520

FOR SALE DETAILS

PRICE

$1,540,000 USD

PRICE/SF

$662 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,397 SF

ZONING

-

APN/PARCEL ID

6260-00-0220-0

ASK ABOUT THIS PROPERTY

Ryan WolfMarcus & MillichapMore Info
972-755-5207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan WolfMarcus & MillichapMore Info
972-755-5207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.