90 W BUTLER AVE Ambler PA 19002-5702

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 Ambler, PA, a suburb of Philadelphia. JPMorgan Chase Bank, N.A., doing business as Chase Bank, offers an investment grade credit rating of A+ (S&P) with a positive outlook. JP Morgan Chase & Co. currently sits as the largest financial institution in the United States with approximately $3.39 trillion in assets under management. Chase Bank began their brand new 15-year lease, which calls for ten percent (10%) increases every five (5) years, in November of 2021. The NNN ground lease allows for passive ownership from anywhere. Chase Bank is located in Downtown Ambler, a very walkable, social, cultural and business center with over twenty (20) restaurants and over twenty-five (25) retailer destinations. The property is strategically located on the fully signalized intersection of Butler Avenue and Maple Avenue, directly adjacent to the Ambler Train Station, which is a part of the Lansdale/Doylestown Line that averages over 16,000 weekday passengers. Sitting directly next to the Ambler Train Station was the influential factor for Chase Bank while they were determining which site would be their next location in the Philadelphia MSA.

• Chase Bank began their brand new 15-year lease, which calls for ten percent (10%) increases every five (5) years, in November of 2021 and opened for business on December 7, 2021. The NNN ground lease allows for passive ownership from anywhere.
  
  
• The tenant, JPMorgan Chase Bank, N.A. offers an investment grade credit rating of A+ (S&P) with a positive outlook.
  
  
• Chase Bank is just over one (1) mile from many educational institutions, including Temple University Ambler, Upper Dublin High School, Fort Washington Elementary School and St. Anthony-St. Joseph Elementary School. The combined student enrollment is 5,875 students.
  
  
• The property is strategically located on the fully signalized intersection of Butler Avenue and Maple Avenue, directly adjacent to the Ambler Train Station. The station is a part of the Lansdale/Doylestown Line which averages over 16,000 weekday passengers.
  
  
• Just thirty (30) minutes north of Philadelphia, Chase Bank is located within the densely populated and affluent Montgomery County, which is the 2nd wealthiest county in the State of Pennsylvania. There are over 151,000 residents within five miles of the property with an average household income of $150,000.
  
  
• New construction surrounds Chase Bank, as 120 luxury apartments are under construction right behind the bank. Additionally, just a mile from the property is the Mattison Estate which includes over 100 carriage homes and villas currently being built with asking prices just under $1,000,000.