Investment Overview

Chase Bank, National Association, is subject to a new 15-year NNN ground lease. The lease features rental increases of 10 percent every five years during the base term and four, five-year option periods, providing a hedge against inflation. This is Chase Bank’s first retail branch in Fredericksburg with plans to open a second branch in southern Fredericksburg at Cosner’s Corner. This new location is part of Chase’s ongoing expansion plans for the region, with an expected 50 new branches added to the Greater Washington area by 2027. Banks within this sub-market perform exceptionally well, with an average of $152,556 deposits within three-miles. JP Morgan Chase is rated “AA-” by Standard & Poor’s and the world’s largest bank as measured by market cap.