514 State Hwy, Wylie, TX 75098
This exceptional investment opportunity presents a fee-simple ownership of a 4,238 square foot Chase Bank located at 514 S State Hwy 78, Wylie, TX 75098, in Collin County. The property boasts a Class A building constructed in 2006, situated on a 0.88-acre lot with ample parking (35 spaces per 1,000 sq ft). The property is currently operating under a 20-year absolute NNN ground lease with JPMorgan Chase Bank (NYSE: JPM), an investment-grade tenant with a Standard & Poor's A credit rating. The lease commenced January 6, 2007, and has a remaining term of approximately 2.1 years, with four, five-year renewal options. The current asking price is $3,642,736, representing a price per square foot of $859.54 and a 4.75% cap rate based on a current NOI of $173,030. The lease includes 10% rent bumps. This single-tenant, 100% occupied property benefits from a highly visible location on a signalized corner of two major Wylie thoroughfares, featuring monument signage and multiple drive-thru lanes. The property enjoys strong co-tenancy with national and regional brands including Walgreens, Home Depot, McDonald's, Anytime Fitness, Subway, Tractor Supply Co, Albertsons, CVS, and Starbucks. The property is zoned I. This is a rare opportunity to acquire a stable, high-performing investment in a desirable location within the Dallas/Fort Worth metroplex.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.