Chase Bank
NNN Ground Lease | 4.01% CAP | $145 Million in Deposits
Marketing description
Strong Investment Grade Tenant
•S&P Credit rating (JPM): A-
•4,700 branches and 16,000 ATMs nationwide
•Brand with strong national recognition and diverse customer base
•Largest bank in the U.S. with $3.20 Trillion in Deposits
10 Years Remaining on Initial Term
•NNN Ground Lease – No Landlord responsibilities
•(2) 5 Year Options and (1) 4 Year 11 Month
Option Remaining
•10% Rent Increases every 5 years
•Long term security and stability for Investor
High Traffic/Strong Retail Corridor
•$145,145,000 in Deposits.
•37,521 VPD on Adams Ave & 35,866 VPD on Brookhurst St
•Corner Outparcel to Target
•Close proximity to high demand retailers Target, Kohls, Stater Bros and Whole Foods.
•Bank of America, Wells Fargo & US Bank have nearby locations in the immediate trade area.
Excellent Demographics
•Average Household Income of $142,214 (1 Mile)
•46% of Households have Income of $125,000+ (1 Mile)
•41% of Population possess a Bachelor’s Degree or Higher (1 Mile)
•84% of Households are Home Owners (1 Mile)
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