Shakopee, MN

Chase Bank

Offered for sale is the opportunity to acquire a ground lease Chase Bank in Shakopee, Minnesota. The property consists of a 4,023-square-foot, freestanding building that sits on 1.42 acres of land. There are 14.6 years remaining on the current lease term, with 10% rental increases every five years. Broker of Record for MN: Jon Ruzicka, License: 40583288, P: (952) 852-9700

Price	$3,000,000
Cap Rate	5.00%
Building Size	4,023 sqft
Lot Size	1.42 acres
Year Built	2023

Offering Memorandum

Ryan Wolf

First Vice President Investments

(972) 755-5207

RWolf@marcusmillichap.com

License: TX 622900

FINANCING TEAM

Duke Dennis

Director

(817) 932-6172

Duke.Dennis@marcusmillichap.com

New Development Chase Bank – 15-Year Corporate Ground Lease with 10% Rental Escalations Every Five Years
Average Household Income is $191,623 (1-Mile Radius) with 57 Percent of Residents Earning over $150,000 and 40 Percent Surpassing $200,000
Hard Corner Location with Nearby Access to County Road 21 (25,000 VPD) and Highway 169 (68,513 VPD)
Next to Walmart Supercenter and Sam’s Club
Affluent Minneapolis, MN Suburb - 1.3 Million MSA Population
More than 134,204 Residents (Five-Mile Radius) and 124 Percent Population Growth Between 2010 and 2023 (One-Mile Radius)
Large 1.42 Acre Parcel with Ample Parking and Multiple Access Points
JPMorgan’s Recently Committed to Expanding its Branch Network with Plans to Open 500 Branches in the Next 3 Years
Investment Grade Tenant (A+ Rated by S&P) - U.S.’s Largest Bank by Assets

Ryan Wolf

First Vice President Investments

(972) 755-5207

RWolf@marcusmillichap.com

License: TX 622900

Chase Bank

Chase Bank

Ryan Wolf

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Ryan Wolf

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6.00% Cap

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Chase Bank

Chase Bank

Chase Bank

Ryan Wolf

Duke Dennis

Ryan Wolf

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6.00% Cap

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