Chase Bank Ground Lease

651 E Red Bridge Rd, Kansas City, MO

For Sale
  • 0.68 AC pad site
  • 3,293 SF newly constructed building
  • Long-term corporate ground lease to JPMorgan Chase Bank, N.A.
  • Scheduled 10% base rent increases every five years

The Property is secured by a long-term corporate ground lease with JPMorgan Chase Bank, N.A. and includes a newly constructed approximately 3,293-square-foot branch on a 0.68-acre pad site.

Located within an established South Kansas City neighborhood shopping center originally built in 1959, the new building features natural stone finishes that complement and preserve the center’s existing architectural character.

The lease structure provides attractive long-term income growth through scheduled 10% base rent increases every five years throughout the initial lease term and option periods.

MAP

Asking

Sale Price: $2,187,500
CAP: 4.8%

Listing Agent(s)

LANE4 is a Kansas City based commercial real estate agency that transforms challenges into opportunities. We offer a full-service approach, focusing on leasing, development, and management for retail, office, mixed-use, civic, and multifamily projects. We’re committed to building collaborative partnerships that help transform our communities.
Address
4705 Central Street
Kansas City, MO
64112

Ph: (816) 960-1444
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