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31250130
31250131

449 York Rd, New Hope, PA 18938

PS
CA 01474991
Marcus & Millichap - San Diego
MJ
CA CA 02008536
Marcus & Millichap - San Diego
BH
CA 01416786
Marcus & Millichap - San Diego
PS
CA 02212454
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$3,500,000
73 days on market
Updated 73 days ago

Chase Bank Ground Lease

Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 3,740
Net Rentable (SqFt) 3,740
Units 1
Cap Rate 5%
NOI $175,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Price per SqFt $936
Year Built 2026
Investment Type Net Lease
Ground Lease Yes

Retail | 5.00% CAP | 3,740 SqFt

Investment highlights

  • New 15-Year Absolute NNN Corporate Ground Lease with 10% Increases Every 5 Years

  • Investment Grade Tenant (NYSE: JPM; S&P: AA-), 5,300+ Branches in 48 States

  • Leading Financial Services Firm Based in the U.S. with $4.6 Trillion in Assets

  • Chase Has Opened More Branches Than All Large Bank Peers Combined Over the Last 7 Years

  • Significant Capital Investment by Tenant to Build New Bank Branch

  • Centrally Located Between New York City and Philadelphia

  • New Hope is One of the Wealthiest Neighborhoods in the U.S. and Home to Many Celebrities, Musicians, Artists, and Fortune 500 Execs

  • Average Household Incomes Exceed $181,000 in 3 Miles and $189,000 in 5 Miles

  • Strategic Location, Nearest Chase Bank with a Drive-Thru is Over 15 Miles Away

  • Outparcel to High-Performing Giant, Dominant Grocery Anchored Center in the Community

  • Hard Corner Location at Signalized Intersection, Excellent Access and Visibility Along Route 202

  • 3 Miles to Peddler’s Village with 2+ Million Visitors Annually, Third Most-Popular Tourist Destination in the Philadelphia Region

  • Close Proximity to K-12 Schools with 3,000+ Students, New Hope-Solebury School District is One of the Best in the State

  • Strong Daytime Population, Over 20,000 Employees in Primary Trade Area

Listing Contacts

PS
CA 01474991
Marcus & Millichap - San Diego
MJ
CA CA 02008536
Marcus & Millichap - San Diego
BH
CA 01416786
Marcus & Millichap - San Diego
PS
CA 02212454
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,000.00
$14,583.33/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Timothy Stevenson, Jr.
License
PA RB062197C
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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