Bank
Chase Bank | New 15-Year NNN Ground Lease | One of the Wealthiest Neighborhoods in U.S.
449 York Road, New Hope (Southwest of NYC), PA 18938
Listing Price: $3,500,000
Cap Rate
5.00%
Tenant Name
Chase Bank
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,740
Lease Type
NNN Ground Lease
Rent Per Square Feet
$46.79
Investment Overview
Marcus & Millichap is pleased to present the Chase Bank Ground Lease in New Hope (Pennsylvania MSA), PA.
Chase Bank | New 15-Year NNN Ground Lease | One of the Wealthiest Neighborhoods in U.S.
Investment Highlights
- New 15-Year Absolute NNN Corporate Ground Lease with 10% Increases Every 5 Years
- Investment Grade Tenant (NYSE: JPM; S&P: AA-), 5,300+ Branches in 48 States
- Leading Financial Services Firm Based in the U.S. with $4.6 Trillion in Assets
- Chase Has Opened More Branches Than All Large Bank Peers Combined Over the Last 7 Years
- Significant Capital Investment by Tenant to Build New Bank Branch
- Centrally Located Between New York City and Philadelphia
- New Hope is One of the Wealthiest Neighborhoods in the U.S. and Home to Many Celebrities, Musicians, Artists, and Fortune 500 Execs
- Average Household Incomes Exceed $181,000 in 3 Miles and $189,000 in 5 Miles
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Bank
Chase Bank | New 15-Year NNN Ground Lease | One of the Wealthiest Neighborhoods in U.S.
Listing Price: $3,500,000
Cap Rate
5.00%
Tenant Name
Chase Bank
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,740
Lease Type
NNN Ground Lease
Rent Per Square Feet
$46.79
Investment Highlights
- New 15-Year Absolute NNN Corporate Ground Lease with 10% Increases Every 5 Years
- Investment Grade Tenant (NYSE: JPM; S&P: AA-), 5,300+ Branches in 48 States
- Leading Financial Services Firm Based in the U.S. with $4.6 Trillion in Assets
- Chase Has Opened More Branches Than All Large Bank Peers Combined Over the Last 7 Years
- Significant Capital Investment by Tenant to Build New Bank Branch
- Centrally Located Between New York City and Philadelphia
- New Hope is One of the Wealthiest Neighborhoods in the U.S. and Home to Many Celebrities, Musicians, Artists, and Fortune 500 Execs
- Average Household Incomes Exceed $181,000 in 3 Miles and $189,000 in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Chase Bank Ground Lease in New Hope (Pennsylvania MSA), PA.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
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