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Chase Bank 3600 Bardstown Rd
3,176 SF Retail Building Louisville, KY 40218 £2,939,825 (£926/SF) 6% Net Initial Yield
Investment Highlights
- Positioned within the Louisville MSA
- Early 10-year lease extension through October 2036
- NNN– no landlord responsibilities
- JP Morgan Chase is an investment grade rated tenant – S&P: A+
- Multi-decade operating history
- Outparcel in a Lowe’s anchored shopping center
Executive Summary
The 3,176 square-foot building benefits from its position along Bardstown Road (50,000+ VPD) and proximity to Interstate 264 which hosts over 182,000 vehicles per day. The subject property is located on an outparcel of a shopping center anchored by Lowe’s Home Improvement, Target, and Walmart Supercenter. Retailers occupying the neighboring shopping centers include Costco, Burlington, Kroger, Walgreens, Harbor Freight, and several others. The property is also located 20 minutes southeast of downtown Louisville and blocks from Seneca High school which hosts over 1,250 students. There are over 253,000 people living within a five-mile radius where the average household income is $94,633.
Chase Bank, the U.S. consumer and commercial banking arm of JPMorgan Chase & Co. (NYSE: JPM), is an integral component of a leading global financial services firm with operations spanning over 60 countries and $2.6 trillion in assets. Founded in 1799 as the Bank of the Manhattan Company, Chase boasts a rich heritage steeped in financial innovation and service excellence. Today, it serves millions of customers nationwide, with over 4,700 branches and 16,000 ATMs, making it one of the largest banking institutions in the United States.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signalised Intersection
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Finance and Insurance
- -
- -
- Oct 2036
Chase Bank is proud to serve millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with trillions of dollars in assets and operations worldwide.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Finance and Insurance | - | - | Oct 2036 |
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £154,115 | |
Land Assessment | £611,428 | Total Assessment | £765,543 |
PROPERTY TAXES
Presented by
Chase Bank | 3600 Bardstown Rd
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