700 Boyd Rd - Bank FOR SALE


Azle, TX 76020
$2,824,000 USD
480-221-4221
700 Boyd Rd, Azle, TX for Sale
$2,824,000 USD
Bank - FOR SALE
1/7
null | 4.25% Cap Rate

700 Boyd Rd
Azle, TX 76020


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases |Investment Grade Credit (S&P: A+)
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From Walmart Anchored Center

OVERVIEW

• The Tenant, JPMorgan Chase Bank, recently signed a brand new 20-year lease with 4(5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and scheduled increases of 10% or more at the beginning of each option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,824,000 USD

PRICE/SF

$941 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank | New 20yr Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C

APN/PARCEL ID

40536599

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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