Bank
Chase Bank | New 15-Year Lease | Frederick, MD | Weis Anchored Shopping Center
10142 Old National Pike, Linganore-Bartonsville, MD 21754
Listing Price: $3,541,667
Investment Overview
New 15-Year NNN Ground Lease with Increases- The Tenant, JP Morgan Chase Bank, National Association, is subject to a new 15-year NNN ground lease. The lease features rental increases of 10% every five years during the base term as well as the five, five-year renewal options, providing a hedge against inflation. Chase Bank will operate in a 3,500-square-foot bank with drive-thru, adjacent to a soon-to-open Chipotle. Just around the corner a new Sheetz (also available for sale) opened in August, and a daycare is planning to break ground shortly. Across from the site other national brands include McDonald’s, Goddard School, 7-Eleven, and Tommy’s Express Car Wash.
Exclusively Listed By
Bank
Chase Bank | New 15-Year Lease | Frederick, MD | Weis Anchored Shopping Center
Listing Price: $3,541,667
Investment Highlights
- New 15-Year Lease with 10% Increase Every 5 Years
- 1.04- Acre Corner Parcel in New Weis-Anchored Shopping Center
- Located in Master-Planned Setting among Thousands of New Homes
Investment Overview
New 15-Year NNN Ground Lease with Increases- The Tenant, JP Morgan Chase Bank, National Association, is subject to a new 15-year NNN ground lease. The lease features rental increases of 10% every five years during the base term as well as the five, five-year renewal options, providing a hedge against inflation. Chase Bank will operate in a 3,500-square-foot bank with drive-thru, adjacent to a soon-to-open Chipotle. Just around the corner a new Sheetz (also available for sale) opened in August, and a daycare is planning to break ground shortly. Across from the site other national brands include McDonald’s, Goddard School, 7-Eleven, and Tommy’s Express Car Wash.
Exclusively Listed By
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