926 Taraval Street, San Francisco, CA 94116; Retail For Sale; 7/37 in San Francisco County

926 Taraval Street, San Francisco, CA 94116; Retail For Sale; 7/37 in San Francisco County


926 Taraval Street, San Francisco, CA 94116; Retail For Sale; 7/37 in San Francisco County

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CHASE BANK, SAN FRANCISCO, CA
926 Taraval Street, San Francisco, CA 94116

Price: $5,999,000
Building Size: 7,384 SF
Property Sub-type: Free Standing Bldg
Lot Size: 0.24 AC

Description

RARE SAN FRANCISCO LONG TERM CHASE BANK SINGLE TENANT NNN (Chase is responsible for roof and structure). Chase has a S&P Credit Rating of A+. Deposits have increased approximately 20% since 2009, based upon FDIC data from $95,653,000 to, $114,102,000 in 2013 as of June 30 of each respective year. CPI increases of minimum 10% and maximum 15% every five years. Cap Rate is on 2015 NOI using the minimum allowed 10% CPI increase scheduled 1/1/2015.In 2012 Chase remodeled the interior and extended the primary term ten years, until 2025, with an additional five year option at market rent.
Includes six (6) on-site parking spaces.

Two percent (2%) fee to Buyer’s Broker side.

926 Taraval is Located in the heart of the Sunset District of San Francisco It is on the Taraval trolley line, one lot west of Pacific Coast Highway, aka Route 1, a major metropolitan thoroughfare and national highway. The branch enjoys an in-fill location with exceptional demographics of 45,000 residents with an average household income of $125,000 and a 72% homeownership rate within one mile. There is a minimal amount of retail vacancy in the neighborhood.
PLEASE FIRST CONTACT BRYAN HOLKER FOR DETAILS