Chase Bank

Prime JP Morgan Chase Bank Property | Absolute NNN Ground Lease | Sashabaw Rd

An exceptional single-tenant net-leased investment opportunity is available featuring an absolute NNN ground lease with zero landlord responsibilities. Corporate-guaranteed by JP Morgan Chase Bank, N.A. (Investment Grade Credit: A+/A2), this premier banking asset provides investors with completely passive income secured by one of the largest financial institutions in the world. The tenant recently demonstrated a strong long-term commitment to this site by executing a 10-year lease extension in June 2024, leaving approximately 10 years of firm term remaining with attractive 10% rent increases every 5 years to hedge against inflation.

Investment & Property Snapshot

• Property Subtype: Bank / Single-Tenant Retail

• Tenant: JP Morgan Chase Bank, N.A. (Corporate Guarantee)

• Lease Structure: Absolute NNN Ground Lease (Zero Landlord Responsibilities)

• Term Remaining: ~10 Years (Extended in June 2024)

• Rent Escalations: 10% Increases Every 5 Years

• Building Size: 4,397 SF (1 Story, Built-to-Suit in 2007)

• Lot Size: 0.69 AC (Site features 1.04 AC footprint overall)

• Zoning: CM - General Commercial

• Parking Ratio: 36 Spaces (8.18 Spaces per 1,000 SF Leased)

• Key Features: Corner Lot Position, Multi-Lane Drive-Thru, Pylon Signage, 146' Frontage on Sashabaw Rd

Key Investment Highlights

• Investment-Grade Credit Tenant: Leased to JP Morgan Chase Bank, N.A., an A+/A2 credit-rated institution operating more than 4,700 branches globally.

• Exceptional Deposit Base: This specific branch holds over $180 million in reported deposits according to recent FDIC data, underlining the proven profitability and long-term viability of the location.

• 100% Passive Ground Lease: Absolute NNN structure leaves the landlord with zero management or maintenance obligations, making it an ideal passive asset for 1031-exchange buyers.

• Built-to-Suit Infrastructure: Constructed in 2007 specifically for Chase Bank, complete with a multi-lane drive-thru tailored for high-volume automotive branch banking.

Prime Commercial Location & Site Fundamentals Situated on a highly visible corner parcel, the property commands 146 feet of prime direct frontage along the heavily traveled Sashabaw Road corridor. The site benefits from excellent curb appeal, prominent pylon signage, and frictionless ingress/egress. With generous commercial zoning (CM) and an abundant parking capacity of over 8 spaces per 1,000 SF, the property presents flawless underlying real estate fundamentals in a strong retail hub.