Chase Bank
Single Tenant Chase Bank (S&P: AA-) with Dual Lane Drive-Thru | NNN Ground Lease
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Chase Bank, (the “Property”) in Southampton, Pennsylvania, within the affluent Bucks County. Chase Bank operates on a triple-net (NNN) ground lease which commenced in 2021. The NNN ground lease structure allows for a hands-off, passive form of ownership. Chase Bank's lease has more than 10.5 years remaining, with a scheduled rental increase of 9.48% set for October 2031. The property is primely positioned at the corner of the signalized intersection of Street Road and Knowles Avenue where it benefits from excellent visibility to a combined 34,900 VPD. The property boasts accessibility from both thoroughfares and features a dual lane drive-thru that allows for an easy and efficient customer experience.
Southampton sits in Bucks County, 15 miles northeast of Philadelphia. Bucks County is the 3rd wealthiest county in Pennsylvania and is contained within the Philadelphia MSA, the 9th largest metro area in the United States, home to 6.25 million people. Furthermore, the 5-mile area surrounding the Property exhibits excellent demographics with a population of 212,000 and over 82,000 households. The average household income sits at $144,000 within a 3-mile radius, $134,000 within a 5-mile radius, and $128,000 within a 1-mile radius.
Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,300 branches and 15,500 ATMs nationwide and is one of the most well capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2025. Parent company, JP Morgan Chase & Co., currently sits as the largest financial institution in the United States with approximately $3.9 trillion in assets under management.
Investment highlights
ABSOLUTE NNN GROUND LEASE – Chase Bank operates on a triple-net (NNN) ground lease which commenced in 2021. The NNN ground lease structure allows for a hands-off, passive form of ownership.
LONG TERM LEASE WITH RENTAL INCREASES – Chase Bank's lease has more than 11.5 years remaining, with a scheduled rental increase of 9.48% set for October 2031.
SIGNALIZED CORNER ALONG STREET ROAD (27,500 VPD) – The property is primely positioned at the corner of the signalized intersection of Street Road and Knowles Avenue where it benefits from excellent visibility to a combined 34,900 VPD. The property boasts accessibility from both thoroughfares for easy access to customers.
DUAL LANE DRIVE THRU – Chase Bank features a dual lane drive-thru that allows for an efficient customer experience.
INVESTMENT GRADE CREDIT (S&P: AA-) – Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,300 branches and 15,500 ATMs nationwide and is one of the most well-capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2025.
PHILADELPHIA MSA – Southampton sits in Bucks County, 15 miles northeast of Philadelphia. Bucks County is the 3rd wealthiest county in Pennsylvania and is contained within the Philadelphia MSA, the 9th largest metro area in the United States, home to 6.25 million people.
DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the Property exhibits excellent demographics with a population of 212,000 and over 82,000 households. The average household income sits at $144,000 within a 3-mile radius, $134,000 within a 5-mile radius, and $128,000 within a 1-mile radius.
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