7545 Burnet Rd - Bank FOR SALE


Austin, TX 78757- Crestview
$5,263,157 USD
512-619-6070
7545 Burnet Rd, Austin, TX for Sale
$5,263,157 USD
Bank - FOR SALE
1/8
null | 4.75% Cap Rate

7545 Burnet Rd
Austin, TX 78757
Crestview


HIGHLIGHTS

  • Second largest JPMorgan Chase Bank in Austin by deposits
  • Long-term lease with 5 four-year renewal options
  • Strong Credit Tenant
  • Area is poised for further growth with redevelopment plans in place for several larger shopping centers
  • Part of a network of 29 branches in Travis County with a combined $9.324 billion in deposits

OVERVIEW

CBRE IP Austin is pleased to offer a ground lease for JPMorgan Chase Bank at 7545 Burnet Road. This full-service, brick-and-mortar mega branch with dual lane drivethru is situated on approximately 0.68 acres and is leased to the 12th-ranked company in the Fortune 500*. Notably, this bank location has approximately $513+ million in deposits, making it the second largest JPMorgan Chase Bank by deposits in the city of Austin, second only to the downtown location. The lease features a base term of 14 years, with multiple extension options and rent increases throughout the primary term and option periods, providing a stable and growing income stream.

FOR SALE DETAILS

PRICE

$5,263,157 USD

PRICE/SF

$1,294 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

CS-V-CO-NP

APN/PARCEL ID

239062,239063,239064

ASK ABOUT THIS PROPERTY

512-619-6070

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512-619-6070

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