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Bank

Chase Bank

2400 S McKenzie St, Foley, AL 36535

Listing Price: $3,115,000

Cap Rate
4.65%
Tenant Name
Chase Bank
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$72.50

Investment Overview

The subject property is a brand-new 2026 construction, single-tenant Chase Bank ground lease with an absolute NNN structure and zero landlord responsibilities. The lease features 10% rent increases every five years, and the property sits on a prime, signalized corner along Foley’s primary retail corridor with strong visibility and access in Baldwin County, one of the fastest-growing counties in the U.S.

Investment Highlights

  • New 2026 Construction
  • 15-Year Absolute NNN Corporate Ground Lease
  • 4-Way Signalized Corner Location

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $3,115,000

Cap Rate
4.65%
Tenant Name
Chase Bank
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
2,000
Lease Type
NNN Ground Lease
Rent Per Square Feet
$72.50

Investment Highlights

  • New 2026 Construction
  • 15-Year Absolute NNN Corporate Ground Lease
  • 4-Way Signalized Corner Location

Investment Overview

The subject property is a brand-new 2026 construction, single-tenant Chase Bank ground lease with an absolute NNN structure and zero landlord responsibilities. The lease features 10% rent increases every five years, and the property sits on a prime, signalized corner along Foley’s primary retail corridor with strong visibility and access in Baldwin County, one of the fastest-growing counties in the U.S.

Broker of Record

  • Eddie Greenhalgh

    Senior Managing Director Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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