Chase Bank | Absolute NNN | $222M+ in Deposits
Recent Lease Extension | High Deposits
Marketing description
The Landes Group is pleased to present the opportunity to acquire a Chase Bank located in Sacramento, CA. The property is situated in northeast Sacramento, just off Dwight D. Eisenhower Highway, at the intersection of Madison Avenue and College Oak Drive. Chase has occupied the site since 1990, demonstrating their long-term commitment to the location. The tenant is currently in their fourth five-year option with over four years remaining. After this term, there are three additional five-year option periods available. Under the lease structure, Chase Bank is responsible for all maintenance and repairs, leaving the Landlord with zero management responsibilities.
Investment highlights
• Absolute NNN Lease – No landlord obligations
• Long-Term Commitment – Chase exercised its 4th five-year option
• Rent Growth – 15% increase in current option period
• Corporate Guarantee – Backed by JPMorgan Chase (S&P: AA-)
• Industry Leader – Largest financial institution in the U.S.
• High Deposits – $220M+ in annual deposits
• Recent Renovations – $150,000 invested in September 2021
• Prime Location – 2.1-acre lot with excellent visibility
• Dense Population – 381,900+ residents within 5 miles
• Established Trade Area – Surrounded by Target, Chick-fil-A, In-N-Out, Starbucks, McDonald’s, FedEx, Chipotle, Firestone, and more
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