Bank
Chase Bank
5805 Chippewa St, St. Louis, MO 63109
Listing Price: $1,600,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a standalone, single-tenant Chase Bank property. This net lease asset is located on 0.33 acres in St. Louis, Missouri, within a top 21 metropolitan statistical area with a population of 2.8 million. Constructed in 2023, the property is under an Absolute NNN Ground Lease with approximately 12+ years remaining (expiring April 30, 2038). The lease includes 10% rent increases every 5 years throughout the initial term and during each of the three five-year renewal options.
Investment Highlights
- Investment-Grade Tenant | JPMorgan Chase & Co. (NYSE: JPM; S&P: A+) is a leading financial services firm with operations in retail banking, investment banking, and global securities.
- Long-Term Absolute NNN Ground Lease | under an absolute NNN ground lease with approximately 13+ years remaining on the term.
- Prime Access and Visibility | This property enjoys excellent access and visibility, featuring fully signalized access and a drive-thru ATM.
- No Landlord Responsibilities | The absolute NNN ground lease structure ensures that the landlord has no responsibilities for the property.
- Attractive Price Point | This offering is priced below many other single-tenant net lease Chase Bank properties, providing investors with a lower entry cost and making the asset more accessible without requiring debt.
- Established Customer Base | The surrounding area is densely populated with both residential and commercial developments, creating a built-in customer base. Within a 3-mile radius, there is a daytime population of 138,888 and a residential population of 160,571, with an average household income of $86,489
- Dynamic Retail Corridor with Strong Consumer Traffic | The property is situated within 0.2 miles of 468,000 square feet of retail space, currently 98% leased to prominent national retailers including Target, Schnucks, Ross Dress for Less, Walgreens, Chick-fil-A, Raising Cane's, and McDonald's. According to PlacerAI, Target, Schnucks, and Walgreens in this area rank in the top 10% for consumer traffic metrics within their respective chains.
Exclusively Listed By
Broker of Record
Listing Price: $1,600,000
Investment Highlights
- Investment-Grade Tenant | JPMorgan Chase & Co. (NYSE: JPM; S&P: A+) is a leading financial services firm with operations in retail banking, investment banking, and global securities.
- Long-Term Absolute NNN Ground Lease | under an absolute NNN ground lease with approximately 13+ years remaining on the term.
- Prime Access and Visibility | This property enjoys excellent access and visibility, featuring fully signalized access and a drive-thru ATM.
- No Landlord Responsibilities | The absolute NNN ground lease structure ensures that the landlord has no responsibilities for the property.
- Attractive Price Point | This offering is priced below many other single-tenant net lease Chase Bank properties, providing investors with a lower entry cost and making the asset more accessible without requiring debt.
- Established Customer Base | The surrounding area is densely populated with both residential and commercial developments, creating a built-in customer base. Within a 3-mile radius, there is a daytime population of 138,888 and a residential population of 160,571, with an average household income of $86,489
- Dynamic Retail Corridor with Strong Consumer Traffic | The property is situated within 0.2 miles of 468,000 square feet of retail space, currently 98% leased to prominent national retailers including Target, Schnucks, Ross Dress for Less, Walgreens, Chick-fil-A, Raising Cane's, and McDonald's. According to PlacerAI, Target, Schnucks, and Walgreens in this area rank in the top 10% for consumer traffic metrics within their respective chains.
Investment Overview
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a standalone, single-tenant Chase Bank property. This net lease asset is located on 0.33 acres in St. Louis, Missouri, within a top 21 metropolitan statistical area with a population of 2.8 million. Constructed in 2023, the property is under an Absolute NNN Ground Lease with approximately 12+ years remaining (expiring April 30, 2038). The lease includes 10% rent increases every 5 years throughout the initial term and during each of the three five-year renewal options.
Exclusively Listed By
Broker of Record

