51 Pine Chase Way - Bank FOR SALE


Saint Johns, FL 32259
$3,176,500 USD
703-477-1315
51 Pine Chase Way, Saint Johns, FL for Sale
$3,176,500 USD
Bank - FOR SALE
1/10
null | 4.25% Cap Rate

51 Pine Chase Way
Saint Johns, FL 32259


HIGHLIGHTS

  • The property is a component of The Shops at Longleaf Pine—a recently-constructed, 17-acre mixed-use development.
  • Roughly 19 miles south of downtown Jacksonville.
  • Chase Bank’s NNN ground lease features 15 years of primary term.
  • The site is proximate to a multitude of residential developments.

OVERVIEW

CBRE is pleased to offer for sale the 3,457 square-foot Chase Bank on 1.38 acres in St. Johns, FL - a component of the Jacksonville, FL MSA. Opened during winter 2024, Chase Bank’s NNN ground lease features 15 years of primary term with a 10% rent increase every 5 years throughout the initial term and in each of the four, 5-year renewal options. Rent will commence in May 2025.

FOR SALE DETAILS

PRICE

$3,176,500 USD

PRICE/SF

$919 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank: St. Johns, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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