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Chase Bank Ground Lease – 17 YRS – Columbus OH MSA

8875 Broad St SW, Pataskala, OH 43062

Listing Price: $1,375,000

Cap Rate
4.00%
Tenant Name
JPMORGAN Chase Bank, National Association
Years Remaining On Lease
17.1
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$458.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.33

Investment Overview

Chase serves millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans, and payment processing. Chase is available to consumers through over 4,700 retail branch locations, 15,000 ATMs, or online at chase.com or the Chase Mobile app.

Pataskala is a city in Licking County, Ohio, roughly 19 miles east of Columbus. The city spans nearly 30 square miles and is served by two state routes running east and west.

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease with 17 Years Remaining - Extremely Low Ground Rent
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by JPMorganChase (NYSE: JPM) - S&P Credit Rating: A/A-1
  • New High-Quality 2023 Construction with a Drive-Thru ATM
  • Situated in the Columbus MSA with 30,851 Residents in the Surrounding Area

Exclusively Listed By

Financing By

Bank

Chase Bank Ground Lease – 17 YRS – Columbus OH MSA

Listing Price: $1,375,000

Cap Rate
4.00%
Tenant Name
JPMORGAN Chase Bank, National Association
Years Remaining On Lease
17.1
Gross SF
3,000
Guarantor
Corporate Guarantee
Rentable SF
3,000
Price/Gross SF
$458.33
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.33

Investment Highlights

  • Absolute Triple-Net (NNN) Ground Lease with 17 Years Remaining - Extremely Low Ground Rent
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by JPMorganChase (NYSE: JPM) - S&P Credit Rating: A/A-1
  • New High-Quality 2023 Construction with a Drive-Thru ATM
  • Situated in the Columbus MSA with 30,851 Residents in the Surrounding Area

Investment Overview

Chase serves millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans, and payment processing. Chase is available to consumers through over 4,700 retail branch locations, 15,000 ATMs, or online at chase.com or the Chase Mobile app. Pataskala is a city in Licking County, Ohio, roughly 19 miles east of Columbus. The city spans nearly 30 square miles and is served by two state routes running east and west.

Exclusively Listed By

Financing By

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