SINGLE TENANT CHASE BANK (NYSE: JPM)
NEW 15-YEAR LEASE | 10% INCREASES EVERY 5 YEARS | SIGNALIZED CORNER
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Chase Bank, (the “Property”) in the highly sought-after Chestnut Hill neighborhood of Philadelphia, Pennsylvania, just 9 miles from Center City. JPMorgan Chase recently executed a brand-new 15-year lease in December 2025, providing approximately 14.5 years of remaining term. The fee-simple double-net (NN) structure ensures minimal landlord responsibilities, while scheduled 10% rental increases every five years offer attractive, predictable income growth and a hedge against inflation. Unlike many single-tenant Chase Bank assets that are structured as ground leases, this fee simple investment offers the ability to depreciate the improvements, providing investors with valuable tax advantages not commonly found in single
tenant Chase Bank deals. Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,000 branches and 15,000 ATMs nationwide and is one of the most well-capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2026.
Chase Bank occupies a prime signalized corner at the intersection of Germantown Avenue (10,800 VPD) and Evergreen Avenue, offering exceptional visibility, strong frontage, and consistent traffic exposure. The site’s prominent positioning is further enhanced by its location less than ½ mile from Temple Health – Chestnut Hill Hospital, a 148-bed inpatient and outpatient facility employing more than 350 board-certified physicians. This nearby healthcare anchor generates steady daytime population and employment driven traffic, supporting recurring customer activity and demand for financial services.
Investment highlights
- NEW 15-YEAR LEASE WITH BUILT-IN RENT GROWTH - JPMorgan Chase recently executed a brand-new 15-year lease in December 2025, providing approximately 14.5 years of remaining term. The fee-simple double-net (NN) structure ensures minimal landlord responsibilities, while scheduled 10% rental increases every five years offer attractive, predictable income growth and a hedge against inflation.
- INVESTMENT GRADE CREDIT (S&P: AA-) - Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,000 branches and 15,000 ATMs nationwide and is one of the most well capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2026.
- PRIME SIGNALIZED CORNER LOCATION - Chase Bank occupies a prime signalized corner at the intersection of Germantown Avenue (10,800 VPD) and Evergreen Avenue, offering excellent visibility and strong frontage. The asset benefits from consistent daily traffic counts and prominent positioning, enhancing long-term tenant exposure and supporting sustained customer access.
- RARE DEPRECIABLE CHASE BANK INVESTMENT - Unlike many single-tenant Chase Bank assets that are structured as ground leases, this fee simple investment offers the ability to depreciate the improvements, providing investors with valuable tax advantages not commonly found in single tenant Chase Bank deals.
- PREMIER PHILADELPHIA NEIGHBORHOOD (CHESTNUT HILL) - Situated in the affluent and highly sought-after Chestnut Hill neighborhood, approximately 9 miles from Center City, the property benefits from strong demographics, a historic retail corridor, and excellent accessibility. Supported by Philadelphia’s diverse economy, anchored by major universities, healthcare systems, and Fortune 500 employers, the location is well-positioned to drive long-term deposit growth and stable branch performance.
- AFFLUENT, HIGH-DENSITY TRADE AREA WITH STRONG DEPOSITOR BASE - The property is strategically positioned within a highly concentrated and affluent suburban market, drawing from approximately 391,000 residents and 166,000 households within a 5-mile radius. The immediate 3-mile trade area further reinforces the site’s strength, encompassing more than 138,000 residents and 59,000 households. Notably, the surrounding 1-mile radius features an average household income of $165,000, with the 3- and 5-mile radii maintaining elevated income levels of $117,000 and $118,000, respectively. These metrics highlight a deep pool of high-income consumers, ideal for a financial institution, supporting strong deposit generation, lending activity, and long-term branch performance.
- LESS THAN ½ MILE FROM CHESTNUT HILL HOSPITAL - The property is located less than ½ mile from Temple Health – Chestnut Hill Hospital, a 148-bed inpatient and outpatient facility employing over 350 board-certified physicians. This nearby healthcare hub drives consistent daytime population, employment traffic, and demand for financial services, supporting stable and recurring customer activity.
- STRONG PIPELINE OF NEARBY RESIDENTIAL DEVELOPMENT - The surrounding 3-mile area is experiencing meaningful growth, with over 350 new apartment units delivered since early 2025. An additional 114-unit mid-rise project is currently under construction less than one mile from the property along Germantown Avenue, with delivery expected in 2026. Additionally, approximately 240 units are proposed across multiple projects, underscoring continued population growth and an expanding base of potential banking customers.
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