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Bank

Chase Bank

15960 S Rancho Sahuarita Blvd, Sahuarita, AZ 85629

Listing Price: $3,400,000

Cap Rate
5.09%
Tenant Name
Chase Bank
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
4,320
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.05

Investment Overview

Marcus & Millichap is pleased to present for sale a Chase Bank Ground Lease located at 15960 South Rancho Sahuarita Boulevard in Sahuarita (Tucson), Arizona. The property consists of a freestanding retail bank building measuring approximately 4,320 square feet on an estimated .80 acres of land. The ground lease is an absolute triple-net with no landlord responsibility leased to JPMorgan Chase. Chase offers more than 4,700 branches, 16,000 ATMs nationwide and has an estimated 3.03 trillion dollars in assets. Chase Bank is located at the entrance of Rancho Sahuarita, a 3,000-acre master planned community including a variety of amenities. It is an outparcel to a renovated Fry’s Martketplace, a 106,000 square feet structure located within Rancho Sahuarita Marketplace and Village which is the main shopping destination for the planned community. The property is situated directly off of Interstate-19 with 35,000 passing cars per day and is nine miles south of Tucson, Arizona. The Interstate is the primary international route south to Nogales, Mexico attracting businesses to Southern Arizona and Tucson area. Tenants in the area include Subway, Dunkin Donuts, Baskin Robbins, McDonald’s, PostNet, Great Clips, Carondelet Health Network, Pub 22 and more. Sahuarita was one of the fastest growing communities in the country prior to the Covid-19 pandemic. The population swelled from 3,200 in 2000 to over 25,000 in 2015, a 780% leap thanks to a combination of affordable housing and an Almost painless 20-minutes commute to central Tucson. Sahuarita is also close to major regional employers such as Raytheon Missile Systems, the University of Arizona Science and Technology Park, Freeport McMoRan, and Asarco. In an effort to boost its growth further, Sahuarita charges no impact fees, business license fees, or property taxes. Yet despite the influx of new residents, Sahuarita has retained a generous supply of open space. Sahuarita Lake Park contains a 10-acres lake surrounded by grassy areas, walking paths, and an amphitheater. Several other parks and 17 miles of trails dot the town as well since Sahuarita boasts around 300 sunny days a year.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease
  • Located at the Entrance to a 3,000 Acres Rancho Sahuarita Market Place
  • Outparcel to Fry's Marketplace within Shopping Center
  • Sahuarita ranks in Arizona #5 for Best Places to live, #6 for Richest City and #7 for Safest Place
  • 65 Feet Freeway Monument Sign

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $3,400,000

Cap Rate
5.09%
Tenant Name
Chase Bank
Years Remaining On Lease
6.5
Guarantor
Corporate Guarantee
Rentable SF
4,320
Lease Type
NNN Ground Lease
Rent Per Square Feet
$40.05

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease
  • Located at the Entrance to a 3,000 Acres Rancho Sahuarita Market Place
  • Outparcel to Fry's Marketplace within Shopping Center
  • Sahuarita ranks in Arizona #5 for Best Places to live, #6 for Richest City and #7 for Safest Place
  • 65 Feet Freeway Monument Sign

Investment Overview

Marcus & Millichap is pleased to present for sale a Chase Bank Ground Lease located at 15960 South Rancho Sahuarita Boulevard in Sahuarita (Tucson), Arizona. The property consists of a freestanding retail bank building measuring approximately 4,320 square feet on an estimated .80 acres of land. The ground lease is an absolute triple-net with no landlord responsibility leased to JPMorgan Chase. Chase offers more than 4,700 branches, 16,000 ATMs nationwide and has an estimated 3.03 trillion dollars in assets. Chase Bank is located at the entrance of Rancho Sahuarita, a 3,000-acre master planned community including a variety of amenities. It is an outparcel to a renovated Fry’s Martketplace, a 106,000 square feet structure located within Rancho Sahuarita Marketplace and Village which is the main shopping destination for the planned community. The property is situated directly off of Interstate-19 with 35,000 passing cars per day and is nine miles south of Tucson, Arizona. The Interstate is the primary international route south to Nogales, Mexico attracting businesses to Southern Arizona and Tucson area. Tenants in the area include Subway, Dunkin Donuts, Baskin Robbins, McDonald’s, PostNet, Great Clips, Carondelet Health Network, Pub 22 and more. Sahuarita was one of the fastest growing communities in the country prior to the Covid-19 pandemic. The population swelled from 3,200 in 2000 to over 25,000 in 2015, a 780% leap thanks to a combination of affordable housing and an Almost painless 20-minutes commute to central Tucson. Sahuarita is also close to major regional employers such as Raytheon Missile Systems, the University of Arizona Science and Technology Park, Freeport McMoRan, and Asarco. In an effort to boost its growth further, Sahuarita charges no impact fees, business license fees, or property taxes. Yet despite the influx of new residents, Sahuarita has retained a generous supply of open space. Sahuarita Lake Park contains a 10-acres lake surrounded by grassy areas, walking paths, and an amphitheater. Several other parks and 17 miles of trails dot the town as well since Sahuarita boasts around 300 sunny days a year.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Vice President / Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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