This exceptional investment opportunity presents a 3,843 square foot Chase Bank branch located at 13398 Preston Rd, Dallas, TX 75240. Built in 2011, this property sits on approximately 10.42 acres of land and boasts three drive-thru lanes, ensuring high traffic flow and excellent visibility along Preston Road, which sees approximately 154,100 vehicles per day. The current lease with Chase Bank expires January 1, 2032, offering a remaining term of 7.1 years. The lease includes four, five-year renewal options, potentially extending the lease for an additional 20 years. Rent increases by 10% every five years, beginning February 1, 2027. The property generates a Net Operating Income (NOI) of $163,350, resulting in a 5.35% cap rate. The asking price is $3,053,271. This investment is further enhanced by Chase Bank's strong financial performance, reporting deposits of $248,225,000 in fiscal year 2024 and $51,862,000 in fiscal year 2023, and its A+ credit rating from the S&P 500 Index. The property's location benefits from the proximity to the Valley View Mall redevelopment project, a planned $80 million mixed-use development including 275 luxury condos. This presents a compelling opportunity for long-term, stable income growth and appreciation. The ground lease is in place.
Highlights
Strong tenant: Chase Bank, with $248.2M in deposits (FY2024) and $51.9M (FY2023).
Investment-grade tenant: Chase Bank has an A+ credit rating (S&P 500).
Significant rent growth: 10% rent increases every five years, starting 2/1/2027.
Proximity to the Valley View Mall redevelopment (275 luxury condos, $80M mixed-use development).
Long-term lease: Four, five-year lease options, potentially extending the lease by 20 years.
High-traffic location: Three drive-thru lanes, built in 2011.
Property Details
for 13398 Preston Rd
Property type
Retail properties, Banks
Square Feet
3,843 SF
Year Built
2011
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.9296444
Longitude
-96.8031975
13398 Preston Rd, Dallas, Texas
Nearby Similar for Sale
For Sale
Off market
Dallas Bank Building - Kiest Blvd
Prime Dallas Retail Bank Building - Excellent Investment
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Keegan Mulcahy
Gerard Hamas
Visit Broker Website
Learn more
Useful Information
Request information
13398 Preston Rd, Dallas, Texas, 75240
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
13398 Preston Rd
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.