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Bank

Chase

247 Jericho Turnpike, Bellerose, NY 11001

Listing Price: $3,700,000

Cap Rate
4.75%
Tenant Name
Chase
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Overview

• Corporate Chase Bank on a NNN Ground Lease • Strong Branch with over $311 Million in Deposits • Longstanding 20 Year Operating History • Chase Recently Executed Their Last Option Early, Giving the Property 5.33+/- Years of Term Remaining • Great Visibility with 238 Feet of Frontage and 3 Curb Cuts on Jericho Turnpike (38,000+ VPD) • Property Features a Drive-Through with a 15-Car Stacking Capacity and a 24-Spot Parking Lot • Only 14 Miles from New York City • Surrounded by Local and National Retailers such as Starbucks, Staples, CVS, CubeSmart, 7-Eleven, and Many More. Minutes from Belmont Park, Host to One of the Three Legs of the Triple Crown, The Belmont Stakes. • Located in a Dense and Affluent Neighborhood of Nassau County with 341,666 People Living within a 3-Mile Radius with an Average Household Income of $128,275.

Investment Highlights

  • Strong Branch with over $311 Million in Deposits
  • Longstanding 20 Year Operating History
  • Chase Recently Executed Their Last Option Early, Giving the Property 5.33+/- Years of Term Remaining

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Listing Price: $3,700,000

Cap Rate
4.75%
Tenant Name
Chase
Years Remaining On Lease
5.0
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.00

Investment Highlights

  • Strong Branch with over $311 Million in Deposits
  • Longstanding 20 Year Operating History
  • Chase Recently Executed Their Last Option Early, Giving the Property 5.33+/- Years of Term Remaining

Investment Overview

• Corporate Chase Bank on a NNN Ground Lease • Strong Branch with over $311 Million in Deposits • Longstanding 20 Year Operating History • Chase Recently Executed Their Last Option Early, Giving the Property 5.33+/- Years of Term Remaining • Great Visibility with 238 Feet of Frontage and 3 Curb Cuts on Jericho Turnpike (38,000+ VPD) • Property Features a Drive-Through with a 15-Car Stacking Capacity and a 24-Spot Parking Lot • Only 14 Miles from New York City • Surrounded by Local and National Retailers such as Starbucks, Staples, CVS, CubeSmart, 7-Eleven, and Many More. Minutes from Belmont Park, Host to One of the Three Legs of the Triple Crown, The Belmont Stakes. • Located in a Dense and Affluent Neighborhood of Nassau County with 341,666 People Living within a 3-Mile Radius with an Average Household Income of $128,275.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

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