Chase Bank

• AA- S&P Credit Rating Corporate Guarantee: JP Morgan Chase Bank one of the world’s largest and strongest financial institutions, backed by investment-grade credit ratings of AA- (S&P), Aa2 (Moody’s), and AA (Fitch), providing investors with the security of one of the highest-rated banking tenants in the world.
• Upcoming 10% Rental Increase: The lease provides for a 10% rent increase on October 1, 2027, with 10% contractual rent increases every five years, delivering an attractive hedge against inflation.
• Absolute NNN Lease: The lease is structured as an absolute NNN lease, providing truly passive ownership with zero landlord responsibilities, including the roof, structure, and all operating expenses.
• Replaceable Rent: The property is leased at $34.79/SF, significantly below the approximately $64.00/SF paid by the neighboring Chipotle, which occupied and re-tenanted a former KFC building. This substantial rent differential provides investors the opportunity to acquire an investment-grade asset with meaningful rental upside and limited downside risk.
• Walmart-Anchored Retail Corridor: Located on one of Largo’s premier retail corridors, the property benefits from its outparcel position to Walmart Supercenter while also being immediately adjacent to Publix, creating a rare dual grocery-anchored retail environment. Surrounded by a strong concentration of national retailers including McDonald’s, Chipotle, Walgreens, CVS, and numerous other credit tenants, the property enjoys exceptional visibility, consistent consumer traffic, and a highly durable retail setting.
• High Barrier-to-Entry Pinellas County Market: Located within one of Pinellas County’s most established and densely developed retail corridors, the property benefits from limited available land, dense surrounding development, and restrictive zoning that make new bank development increasingly difficult, preserving the long-term value and competitive position of existing locations.