This listing is under contract.
JUST LISTED: Chase Bank Ground Lease - Peoria, AZ | $5.3M | Hard-Corner (±1.27 Acres) - ±71,657 Cars a Day
9873 W Happy Valley Rd
Peoria, AZ 85383
UNDER CONTRACT FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:Dec 23, 2021
Single-tenant Chase Bank ground lease investment opportunity, located on a heavily trafficked hard corner, with daily traffic counts of ±71,657 (Source: ADOT, 2020). JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with $3.684 trillion in assets and a S&P credit rating of A-. The 2020 annual bank deposits at this location were $157,021,000 (Source: FDIC). The current average household income in a one-mile radius is $146,226 and is expected to increase to $164,416 by 2026 (Source: Esri). The Property is located at a dense retail corridor with nearby national retailers including Target, Lowe’s Home Improvement, The Home Depot, Sprouts Farmers Market, Fry’s (Kroger) Marketplace, Kohl’s, Marshalls, Ross Dress for Less, PetSmart, Bank of America, Wells Fargo, CVS Pharmacy, Firestone Complete Auto Care, Sherwin Williams, McDonald’s, Starbucks, El Pollo Loco, and many more. There has been strong population growth in a three-mile radius, with an annual growth rate of 3.93% from 2010 to 2020 and estimated 2.20% from 2021 to 2026 (Source: Esri). The City of Peoria was ranked the #1 city to live in Arizona by Money Magazine and the 6th wealthiest city in Arizona by Phoenix Business Journal (Source: peoriaed.com).