1100 E Franklin Ave Minneapolis, MN 55405
NNN leased Chase Bank with strong demographics near downtown Minneapolis.
Property size:
3,000 SFLot size:
0.17 AcresProperty Features for 1100 E Franklin Ave
General Information
- Size
- 3,000 SF
- Lot size
- 0.17 Acres
Source:
Moodyscre
Listing Agent: Deborah Vannelli
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Chase Bank Investment Opportunity
This property is a Chase Bank branch with just under 10 years remaining on its original lease. The lease includes 10% increases every 5 years. JPMorgan Chase Bank has an S&P Rating of AA- and operates over 4,700 branch locations with 15,000 ATMs. As of June 30, 2024, the bank deposits totaled $25.4 million. The property is situated near a new 30,000 square foot clinic offering medical, dental, and behavioral health services, as well as an 83-unit apartment building. The location benefits from high traffic volume, with upwards of 183,000 vehicles per day on nearby Interstates and Highways. The surrounding area has excellent demographics, including a 5-mile population of 515,581 and an average household income of $117,871. Downtown Minneapolis, with its entertainment, dining, and cultural experiences, including museums, theaters, and sports venues, is a short distance away. The property size is 3,000 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Chase Bank
Bank
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2937177
- Latitude
- 44.9631162
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - NNN leased Chase Bank with strong demographics near downtown Minneapolis.
Where is this bank located?
The property is located at 1100 E Franklin Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Chase Bank lease with just under 10 years remaining and 10% increases every 5 years.; - JPMorgan Chase Bank S&P Rating of AA- with over 4,700 branch locations and 15,000 ATMs.; - Bank Deposits of $25.4 Million as of 6/30/2024.