Bank
Chase Bank
5805 Chippewa St, St. Louis, MO 63109
Listing Price: $1,540,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in St. Louis, MO. The property consists of a 3,288-square-foot, freestanding building that sits on approximately 0.33 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years.
Chase Bank
Investment Highlights
- New Development Chase Bank – Corporate Ground Lease with 12.7 Years Remaining & 10% Rental Escalations Every Five Years
- Signalized Hard Corner on Chippewa Street (16,381 VPD) in Established St. Louis Corridor
- Below-Market Rent and Low Price-Point Compared to Other Chase Banks Nationally
- Investment-Grade National Credit Tenant
- Adjacent to Hampton Village Shopping Center (Anchored by Target, Schnucks, Ross Dress for Less)
- Prime St. Louis MSA Location – 2.8 Million Residents & 1.4 Million-Strong Workforce
- Dense & Affluent Demographics – 372,418 Residents, $100,830 Avg. HH Income, 458,999 Daytime Population
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,540,000
Investment Highlights
- New Development Chase Bank – Corporate Ground Lease with 12.7 Years Remaining & 10% Rental Escalations Every Five Years
- Signalized Hard Corner on Chippewa Street (16,381 VPD) in Established St. Louis Corridor
- Below-Market Rent and Low Price-Point Compared to Other Chase Banks Nationally
- Investment-Grade National Credit Tenant
- Adjacent to Hampton Village Shopping Center (Anchored by Target, Schnucks, Ross Dress for Less)
- Prime St. Louis MSA Location – 2.8 Million Residents & 1.4 Million-Strong Workforce
- Dense & Affluent Demographics – 372,418 Residents, $100,830 Avg. HH Income, 458,999 Daytime Population
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in St. Louis, MO. The property consists of a 3,288-square-foot, freestanding building that sits on approximately 0.33 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years.
Exclusively Listed By
Broker of Record
Financing By
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