Listed by Atlantic Capital Partners
$1,640,667
Chase Bank | Holland, MI
Details
APN 70-16-28-298-019
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 3,670
Units 1
Cap Rate 6%
NOI $98,440
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America
Lease Type NN
Lease Term 30
Lease Expiration 04/14/2030
Remaining Term 3.7
Rent Bumps Yes
Lease Options 2 x 5-year options
Year Built 1980
Stories 1
Acreage 0.610
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/10/2000
Ground Lease No
6% CAP | HIGH-DEPOSIT BRANCH
Investment highlights
INVESTMENT-GRADE CORPORATE CREDIT (S&P: AA-)
- Lease guaranteed by JPMorgan Chase, the largest U.S. bank with a global platform and strong balance sheet
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- The Chase Bank branch reports approximately $160 million in deposits, positioning it as a strong-performing location within the regional network
STRONG FOOT TRAFFIC AT LOCATION
- This location ranks in the top 15% of all Chase branches nationally by foot traffic (Placer.ai), demonstrating strong deposit activity and long-term strategic importance
HIGH-INCOME LAKESHORE MARKET | $100K+ AHHI
- Affluent West Michigan trade area supported by a combination of permanent residents, second-home ownership, and seasonal tourism demand
PROVEN RETAIL CORRIDOR | DIRECT ACCESS TO US-31
- Positioned along East 8th Street with immediate connectivity to US-31 (41,000+ VPD), the primary north-south artery serving the region
DIVERSE ECONOMIC BASE | MANUFACTURING + TOURISM
- Supported by major employers including MillerKnoll, Gentex, and Haworth, alongside a strong tourism economy tied to Lake Michigan and downtown Holland
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,440.00
$8,203.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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