Listed by Newmark | Orange County - Irvine, JLL Chicago | North Riverside Plaza
$3,882,000
Chase Bank - Chicago, IL
Details
Property Type Retail
Sub Type Bank
Square Footage 5,300
Cap Rate 7%
NOI $271,728
Tenancy Single
Brand/Tenant Chase Bank
Lease Type NN
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 1 (5-Year)
Price per SqFt $732
Year Built 1970
Acreage 0.130
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Sale Condition For sale by owner
Chase Bank (S&P: AA-) | Northview Chicago Location | Drive-Thru ATMs NAP
Investment highlights
- INVESTMENT GRADE TENANT JPMORGAN CHASE & CO. (S&P: AA-) | LARGEST BANK IN THE U.S. | $4.4 TRILLION IN TOTAL ASSETS / $2.5 TRILLION IN DEPOSITS | 5,000+ U.S. BANK BRANCHES
- LONG-TERM COMMITMENT, TENANT HAS OCCUPIED THIS SPACE SINCE 1991 | 15-YEAR ORIGINAL LEASE | 4.7 YEARS OF PRIMARY TERM REMAINING | 1 (5-YEAR) OPTION REMAINS WITH A 10% RENTAL INCREASE | NN LEASE, LIMITED LANDLORD MAINTENANCE RESPONSIBILITIES
- LOCATED IN CHICAGO’S AFFLUENT LAKEVIEW NEIGHBORHOOD | STRONG VISIBILITY & ACCESS AT THE INTERSECTION OF N CLARK ST & N HALSTED ST (25,476 VPD) | PRIME RETAIL LOCATION WITH MARIANO’S, POINTE AT CLARK ST SHOPPING MALL & LAKEVIEW CONNECTION, AND ADVOCATE ILLINOIS MASONIC MEDICAL CENTER (TOP 100 HOSPITAL) WITHIN WALKING DISTANCE
- CHICAGO MSA LOCATION | DENSE & AFFLUENT DEMOGRAPHICS | PRIMARY RETAIL CORRIDOR LOCATION | CLOSE PROXIMITY TO MAJOR EMPLOYERS, HOUSING & ENTERTAINMENT COMPLEXES
Listing Contacts
Listed by Newmark | Orange County - Irvine, JLL Chicago | North Riverside Plaza
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$271,728.00
$22,644.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
B3-2 CommercialRetail CommercialCommunity Shopping District
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View all 134 uses
View all 134 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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