Skip to main content

Bank

Chase Bank

6357 Mechanicsville Tpke, Mechanicsville, VA 23111

Listing Price: $1,720,430

Cap Rate
1.00%
Tenant Name
Chase Bank
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
2,673
Lease Type
NNN Ground Lease

Investment Overview

Subject site is adjacent to a Kroger Grocery Store (Top 25% in VA based on annual visitors) and down the street from Wawa (Top 20% in VA based on annual visitors). Positioned in a growth-oriented market with a projected population increase of over 4.5% in the next 5 years within 1 mile, ensuring sustained demand and appreciation potential.

Investment Highlights

  • Secured a brand-new 10-year lease with built-in 10% increases in base rent every 5 years, accompanied by four 5-year renewal options, ensuring stable and predictable income for the near future.
  • Less than 10 miles from downtown Richmond, tapping into a vibrant economic hub with immense growth potential.
  • Situated on Mechanicsville Turnpike (U.S. Route 360), boasting over 24,000 vehicles daily, and mere 2 miles from I-295 with over 107,000 vehicles daily
  • Chase Bank's ambitious growth plans announced in February 2024, with the addition of 500 new branches and renovation of 1,700 existing locations, fostering significant employment growth of over 3,500 new employees, and ensuring tenant stability.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Listing Price: $1,720,430

Cap Rate
1.00%
Tenant Name
Chase Bank
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
2,673
Lease Type
NNN Ground Lease

Investment Highlights

  • Secured a brand-new 10-year lease with built-in 10% increases in base rent every 5 years, accompanied by four 5-year renewal options, ensuring stable and predictable income for the near future.
  • Less than 10 miles from downtown Richmond, tapping into a vibrant economic hub with immense growth potential.
  • Situated on Mechanicsville Turnpike (U.S. Route 360), boasting over 24,000 vehicles daily, and mere 2 miles from I-295 with over 107,000 vehicles daily
  • Chase Bank's ambitious growth plans announced in February 2024, with the addition of 500 new branches and renovation of 1,700 existing locations, fostering significant employment growth of over 3,500 new employees, and ensuring tenant stability.

Investment Overview

Subject site is adjacent to a Kroger Grocery Store (Top 25% in VA based on annual visitors) and down the street from Wawa (Top 20% in VA based on annual visitors). Positioned in a growth-oriented market with a projected population increase of over 4.5% in the next 5 years within 1 mile, ensuring sustained demand and appreciation potential.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

MM Texture Background
MM Textured Background Lower