Bank
Chase Bank
2714 N Lombard St, Portland, OR 97217
Listing Price: $1,100,000
Investment Overview
Marcus & Millichap is pleased to market for sale the fee simple ownership of a net lease JPMorgan Chase Bank in Portland, OR. Chase Bank is on a NNN lease and recently executed a 5-year renewal extending their current term through 2028. Chase Bank has occupied this 2,940 SF property since 2003 and they have exercised every renewal option. They have an additional 5-year option with a 10% bump.
This is a phenomenal location for Chase Bank averaging $157 million in deposits annually. This property provides an investor the opportunity to acquire a well-stabilized, income producing property with a long-term history in this location.
Chase Bank is located in the Arbor Lodge neighborhood of North Portland. It is positioned on N. Lombard Street (also known as U.S. 30 Bypass) and less than a mile from the highway (I-5). North Lombard Street underwent significant improvements in the last year totaling a cost over $16 million to improve safety and travel-time.
Chase Bank
Investment Highlights
- High Annual Deposits: Averaging $157 million in deposits annually at this location
- Corporate Guarantee: Chase Bank is the largest bank in America with nearly $3.3 trillion in assets and occupying over 4,700 branch locations with more than 15,000 ATMs nationwide
- Main Thoroughfare: N. Lombard Street serves as a boundary and main street for many neighborhoods in North Portland and averages over 21,000 VPD
- Long-Term Tenancy: Chase Bank has been occupying this location since 2003 and they have executed every option to renew their lease
Exclusively Listed By
Financing By
Listing Price: $1,100,000
Investment Highlights
- High Annual Deposits: Averaging $157 million in deposits annually at this location
- Corporate Guarantee: Chase Bank is the largest bank in America with nearly $3.3 trillion in assets and occupying over 4,700 branch locations with more than 15,000 ATMs nationwide
- Main Thoroughfare: N. Lombard Street serves as a boundary and main street for many neighborhoods in North Portland and averages over 21,000 VPD
- Long-Term Tenancy: Chase Bank has been occupying this location since 2003 and they have executed every option to renew their lease
Investment Overview
Marcus & Millichap is pleased to market for sale the fee simple ownership of a net lease JPMorgan Chase Bank in Portland, OR. Chase Bank is on a NNN lease and recently executed a 5-year renewal extending their current term through 2028. Chase Bank has occupied this 2,940 SF property since 2003 and they have exercised every renewal option. They have an additional 5-year option with a 10% bump. This is a phenomenal location for Chase Bank averaging $157 million in deposits annually. This property provides an investor the opportunity to acquire a well-stabilized, income producing property with a long-term history in this location. Chase Bank is located in the Arbor Lodge neighborhood of North Portland. It is positioned on N. Lombard Street (also known as U.S. 30 Bypass) and less than a mile from the highway (I-5). North Lombard Street underwent significant improvements in the last year totaling a cost over $16 million to improve safety and travel-time.
Exclusively Listed By
Financing By
