Listed by Atlantic Capital Partners
$1,154,583
Chase Bank | Saginaw, MI
Details
APN 23-12-4-02-3004-000
Property Type Retail
Sub Type Bank
Units 1
Cap Rate 6%
NOI $69,275
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America
Lease Type Absolute NNN
Lease Expiration 02/10/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options 1 x 5-year option
Year Built 1975
Stories 1
Acreage 0.210
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
6% CAP | CORP GROUND LEASE
Investment highlights
INVESTMENT-GRADE CORPORATE CREDIT (S&P: AA-)
- Lease guaranteed by JPMorgan Chase, the largest bank in the United States by deposits with ~$2.8 trillion in assets and a global banking platform
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- The Chase Bank branch reports approximately $160 million in deposits, reflecting deep customer engagement, consistent transaction volume, and a well-established presence within the Saginaw trade area
ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES
- True passive investment structure with no landlord obligations, providing consistent and predictable cash flow
TOP 15% PERFORMING LOCATION NATIONWIDE
- This branch ranks in the top 15% of all Chase locations by customer visits (Placer.ai), highlighting strong deposit activity and long-term strategic importance
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- In-place rent is modest relative to national branch economics, creating a highly sustainable occupancy cost structure that supports long-term renewal probability and continued site profitability
DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- Surrounded by a critical mass of national retailers, grocery anchors, and service users that drive consistent daily traffic and support long-term site viability
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,275.00
$5,772.92/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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