chase bank ground lease - exp realty advisors package..pdf · 20-year, corporate, absolute nnn ,...

20-Year, Corporate, Absolute NNN , Ground Lease w/ 10% Rent Increases Every 5-Years

JP Morgan Chase (NYSE: JPM) Standard & Poor's Rating: AA-

Hard Corner Location - Traffic: 41,000+/- Cars / Day

Directly Across from a Kroger Anchored Shopping Center

Other Neighboring Tenants: Wells Fargo, Gold’s Gym, Walgreens, CVS, B of A, Subway, Game Stop, Domino’s

Adjacent to Deer Creek Elementary School & Crowley Assembly of God

Crowley is Located Approximately 8 Miles from Fort Worth & 30 Miles from Dallas

Tarrant County Sits on 6% of the Nations Natural Gas Reserves

Crowley HH Income: $74,075 - Exceeding DFW, State & National Averages

$2,843,000 / 4.75% CAP Rate

CHASE BANK GROUND LEASE

1001 S Crowley Rd @ NW Renfro St in Crowley, TX (S Fort Worth)

License held with Charles Randall Axtell, TX Broker of Record

EXCLUSIVE LISTING AGENT:

Joe Caputo 214.522.7200 [email protected]

Bob Moorhead 214.522.7200 [email protected]

http://www.bsro.jobs/about_bsro

http://www.exp1031.com/

EXP Realty Advisors, Inc. (“Agent”) has been engaged as the exclusive agent for the sale of the building located at 1001 South Crowley Road, Crowley, Texas, more commonly known as Chase Bank (the “Property”), by the owner of the Property (“Seller”). The Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein.

Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller’s obligations hereunder have been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent.

TABLE OF CONTENTS - DISCLAIMER | 2

TABLE OF CONTENTS

CONFIDENTIAL MEMORANDUM & DISCLAIMER



PAGE 6: AERIAL PHOTO

PAGE 7: MARKET OVERVIEW

PAGE 8-9: LOCATION MAPS

PAGE 1: COVER

PAGE 3: INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW

PAGE 2: TABLE OF CONTENTS - DISCLAIMER

PAGE 4-5: PROPERTY PHOTOS

PAGE 10: DEMOGRAPHICS


http://www.bsro.jobs/about_bsro

JP Morgan Chase & Co.

The Leading Global Financial Services Firm with Assets of $2 Trillion Operates in more than 60 countries

92.1 Million Customers| Employs over 79,000 People S&P Rating: AA-

JPMorgan Chase is one of the oldest, largest and strongest financial services firms in the world. With $2 Trillion in assets and $116 Billion in stockholder equity, they serve millions of U.S. consumers and many of the world's most prominent corporate, institutional and government clients. The company is the leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.

The company’s Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, and prime brokerage and research. Its Commercial Banking segment provides lending, treasury services, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities. The company’s Treasury and Securities Services segment offers transaction, investment, information services, cash management, trade, wholesale card, and liquidity products and services. Its Asset Management segment provides investment and wealth management services to institutions, retail investors, and high-net-worth individuals. It also offers global investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity products, including money market instruments and bank deposits; and trust and estate, banking, and brokerage services, as well as retirement services. The company’s Retail Financial Services segment offers retail banking and consumer lending services that include checking and savings accounts, mortgages, home equity and business loans, and investments through ATMs, online banking, and telephone banking. Its Card Services segment issues credit cards and processes various credit card payments.

JP Morgan Chase & Co. principal bank subsidiaries are JP Morgan Chase Bank, N.A., a national banking association with branches in 17 states, and Chase Bank USA, N.A., a national banking association that is the firm’s credit card-issuing bank. JP Morgan Chase & Co’s principal nonbank subsidiary is JP Morgan Securities, Inc., its US investment banking firm. The company, headquartered in New York City, operates in 60+ countries and employs over 200,000 people. It is rated "AA-" by Standard & Poor's and is a component of the Dow Jones Industrial Average. www.chase.com

INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW | 3

LEASE OVERVIEW

PRICE: $2,843,000

CAP RATE: 4.75%

NET OPERATING INCOME: $135,000

BUILDING AREA: 4,204 +/- Square Feet

LAND AREA: 0.86 +/- Acres

OCCUPANCY: 100%

YEAR BUILT: 2009



Lease Expiration (Primary Term): May 2029

Rent Commencement: May 2009

Initial Lease Term: 20 Years

Tenant: JPMorgan Chase Bank, N.A.

Rent Increases:

Year 1-5 Annual Rent: $135,000




Year 31-35 Annual Rent (Option 3): $239,160


Options to Renew: 4, 5 Year Options

Leasable Area: 0.86 Acres

Lease Type: Ground Lease | Absolute NNN



http://www.chase.com/









PROPERTY PHOTOS| 4


PROPERTY PHOTOS | 5




AERIAL PHOTO | 6



The Shoppes at Deer Creek

Deer Creek Elementary

School

Crowley Assembly

of God

Fort Worth (7 miles)

Subject Property


MARKET OVERVIEW | 7

Crowley is a city located on the southern edge of Tarrant County directly south of Fort Worth and west of Burleson. It is located within the Dallas-Fort Worth metropolitan area, approximately 8 miles south of downtown Fort Worth and 30 miles from downtown Dallas. The average household income is $74,075, greatly exceeding the DFW Metroplex, State and National averages. The trade area is experiencing a growth explosion within a 3-mile radius. The population has grown by over 40% in the last five years and is projected to grow another 20% by 2011. Crowley is surrounded by the smaller communities of Burleson, Joshua, and Rendon and the Texas Wesleyan University campus at Burleson is just 4 miles away.

The Chase Bank building is located on the southeast corner of South Crowley Road/FM 731 (8,465± cars/day) and Northwest Renfro Street and is adjacent to the Total Care Clinic, a neighboring primary and urgent care facility. Chase is strategically positioned minutes from Interstate-35 (Traffic: 104,000 cars / day) and Interstate-20. FM 1187, a recently completed four lane highway, links the trade area to I-35. Tenants in the immediate area include Kroger, Subway, Firestone Complete Auto Care, AutoZone, Wells Fargo, Bank of America, CVS, Walgreens, BBVA Compass Bank, among others. Deer Creek Elementary School is adjacent to the subject property as well.

Crowley, TX

1001 S CROWLEY RD, CROWLEY, TEXAS

Immediate Trade Area

Dallas - Fort Worth Metroplex

The Dallas/Fort Worth Combined Statistical Area is made up of 19 counties and has one of the highest concentrations of corporate headquarters in the United States. American Airlines is the largest employer in the Metroplex. Several major defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex. ExxonMobil, the #1 corporation on the Fortune 500 listings, is also headquartered here.

Six cities in the Dallas-Fort Worth Metroplex made the Forbes “America’s 25 Best Places to Move.”



Fort Worth is the seventeenth-largest city in the United States of America and the fifth-largest city within the state of Texas. Located in North Texas and a cultural gateway into the American West, the city covers nearly 300 square miles in Tarrant, Parker, and Denton counties, serving as the county seat for Tarrant County. According to 2009 estimates by the North Central Texas Council of Governments, the city has a population of 720,250, with an estimated growth to 750,000 by the 2010 decennial U. S. Census.

The city is the second-largest cultural and economic center of the Dallas–Fort Worth–Arlington metropolitan area (commonly called the Metroplex). Fort Worth and the surrounding Metroplex area offer numerous business opportunities and a wide array of attractions. Despite the economic roller coaster, Fort Worth showed positive growth. Unemployment is between 4% and 6% for the third straight year. Fort Worth/Tarrant County sits on 6% of the nation’s natural gas reserves.

Fort Worth, TX


LOCATION MAPS | 8



Subject Property


LOCATION MAPS | 9



Subject Property


DEMOGRAPHICS | 10

DEMOGRAPHIC SNAPSHOT

Category 3 -Mile 5-Mile 7-Mile

Population:

Total Population 7,919 45,672 97,747

Male Population 49.9% 48.7% 48.9%

Female Population 50.1% 51.3% 51.1%

Median Age 36.4 36.0 34.8

Population Density (per sq. mi.) 2,519.3 1,614.3 1,243.8

Employees 1,714 13,522 25,429

Establishments 187 1,455 2,311

Income:

Median HH Income $74,075 $64,192 $68,048

Per Capita Income $23,562 $22,866 $22,871

Average HH Income $71,356 $67,370 $69,245

Households:

Total Households 2,525 15,260 32,191

Average Household Size 3.1 3.0 3.0

Household Growth 1990 - 2000 60.5% 23.3% 33.8%

Housing:

Owner Occupied Housing Units 81.2% 66.2% 69.1%

Renter Occupied Housing Units 12.9% 25.4% 22.8%

Vacant Housing Units 5.9% 8.4% 8.1%




chase bank ground lease - exp realty advisors package..pdf · 20-year, corporate, absolute nnn ,...

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