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Bank

Chase Bank

3301 Secor Rd, Toledo, OH 43606

Listing Price: $2,988,505

Cap Rate
4.35%
Tenant Name
Chase Bank
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
3,028
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.93

Investment Overview

This newly 2020 constructed Chase Bank Ground Lease offers a passive investor the opportunity to acquire a 20-year NNN Ground Lease with four 5-year options. The site has a drive thru, and offers 10% rent escalations every 5-years including option periods which surely hedges against inflation. The rent commenced March 10, 2020 and the last day of the base term is 3/31/2040. The Lease is a NNN ground lease with minimal landlord responsibility of only having to maintain general liability insurance, all other maintenance, insurance, and tax related expenses are tenant’s responsibility

Investment Highlights

  • New 2020 ground lease construction, offering new 20-year NNN lease
  • Densely populated growing region
  • Site has a drive thru, and is the only Chase Bank in the immediate region
  • Chase Bank carries an S&P A+ rating, and is traded on the NYSE:JPM

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,988,505

Cap Rate
4.35%
Tenant Name
Chase Bank
Years Remaining On Lease
18.8
Guarantor
Corporate Guarantee
Rentable SF
3,028
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.93

Investment Highlights

  • New 2020 ground lease construction, offering new 20-year NNN lease
  • Densely populated growing region
  • Site has a drive thru, and is the only Chase Bank in the immediate region
  • Chase Bank carries an S&P A+ rating, and is traded on the NYSE:JPM

Investment Overview

This newly 2020 constructed Chase Bank Ground Lease offers a passive investor the opportunity to acquire a 20-year NNN Ground Lease with four 5-year options. The site has a drive thru, and offers 10% rent escalations every 5-years including option periods which surely hedges against inflation. The rent commenced March 10, 2020 and the last day of the base term is 3/31/2040. The Lease is a NNN ground lease with minimal landlord responsibility of only having to maintain general liability insurance, all other maintenance, insurance, and tax related expenses are tenant’s responsibility

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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