Listed by Atlantic Capital Partners
$1,272,333
Chase Bank | Troy, OH
Details
APN D08-057876
Property Type Retail, Office
Sub Type Bank
Net Rentable (SqFt) 2,360
Units 1
Cap Rate 6%
NOI $76,340
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America
Lease Type Absolute NNN
Lease Term 49
Lease Expiration 12/31/2031
Remaining Term 5.6
Rent Bumps Yes
Lease Options 2 x 5-year options
Year Built 1983
Stories 1
Acreage 1.080
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/1983
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
STRONG BRANCH FUNDAMENTALS | $97 MILLION DEPOSIT BASE
- The property is supported by an approximately $97 million deposit base, demonstrating meaningful customer penetration and reinforcing the branch's importance within JPMorgan Chase's regional network
ABSOLUTE NNN GROUND LEASE WITH RECENT RENEWAL
- Structured as an absolute NNN ground lease with zero landlord responsibilities, offering investors a fully passive, management-free income stream
- The lease was recently renewed by the tenant, demonstrating long-term commitment and longevity at the site
HIGH TRAFFIC LOCATION
- This location ranks in the top 20% of Chase branches nationally by foot traffic (Placer.ai), underscoring its long-term operational relevance
DOMINANT RETAIL CORRIDOR WITH STRONG NATIONAL CO-TENANCY
- Strategically positioned along W Main Street, Troy's primary commercial corridor, surrounded by national retailers including Walmart, Kroger, McDonald's, and AutoZone, driving consistent consumer traffic to the market
DAYTON MSA LOCATION & REGIONAL ECONOMIC ANCHORS
- Located within the Dayton MSA (800K+ population), supported by major employers including Wright-Patterson Air Force Base, Premier Health, and a diversified advanced manufacturing base, providing durable economic demand drivers
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,340.00
$6,361.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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