Bank
Chase Bank
1002 Brighton Beach Ave, Brooklyn, NY 11235
Listing Price: $25,500,000
Investment Overview
Institutional Property Advisors (IPA) is pleased to present for sale a NNN Chase Bank in the Brighton Beach Neighborhood of Brooklyn, New York. The property, built in 1942, consists of 16,900 square feet of Gross Leasable Area (GLA) and is situated on a 23,479 square foot lot.
Chase Bank
Investment Highlights
- Chase extended the lease for 10 years starting 1/1/2023 with no options to renew thereafter. 9% rent increases every 3 years throughout the term, last increase lasting 4 years through the lease's end.
- Lease corporately guaranteed by Chase, the largest Bank chain in the United States with over $4.35 trillion in assets. This branch holds $714,805,000 in deposits as of 6/30/2024.
- Subject property strategically located at a four-way signalized intersection with over 24,000 vehicles per day and steps from the Brighton Beach subway station (B,Q)
Exclusively Listed By
Financing By
Listing Price: $25,500,000
Investment Highlights
- Chase extended the lease for 10 years starting 1/1/2023 with no options to renew thereafter. 9% rent increases every 3 years throughout the term, last increase lasting 4 years through the lease's end.
- Lease corporately guaranteed by Chase, the largest Bank chain in the United States with over $4.35 trillion in assets. This branch holds $714,805,000 in deposits as of 6/30/2024.
- Subject property strategically located at a four-way signalized intersection with over 24,000 vehicles per day and steps from the Brighton Beach subway station (B,Q)
Investment Overview
Institutional Property Advisors (IPA) is pleased to present for sale a NNN Chase Bank in the Brighton Beach Neighborhood of Brooklyn, New York. The property, built in 1942, consists of 16,900 square feet of Gross Leasable Area (GLA) and is situated on a 23,479 square foot lot.
Exclusively Listed By
Financing By
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