Property History
Equity CRE is pleased to exclusively offer for sale a single-tenant, net leased Chase Bank branch in Millsboro, DE. Chase Bank is currently operating under a brand new 15-year lease with three (3), 5-year extension options. This is being offered on a fee simple basis and features a NNN ground lease providing an investor with extremely passive income.
INVESTMENT GRADE CREDIT: Chase Bank is one of the strongest investment grade tenants on the market with an S&P rating of AA- and a Moody’s rating of Aa2. Chase Bank operates over 4,700 branches and 15,000 ATMs nationwide and has over $3 trillion in assets.
MINIMAL COMPETITION: This property benefits from being only one of two Chase Bank branches in southern DE, with the other being in Rehoboth Beach.
DELAWARE BEACHES: Millsboro is just inland from southern Delaware’s popular beaches of Rehoboth, Dewey & Bethany, as well as near Lewes, DE & Ocean City, MD. These highly visited Delaware summer destinations can attract upwards of 7-10 million visitors annually.
Loan History
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Contact Information
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Comparable Properties
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