Bank

Chase Bank

3800 Tuller Rd, Dublin, OH 43017

Listing Price: $2,490,400

Cap Rate
6.25%
Tenant Name
Chase Bank
Years Remaining On Lease
2.30
Guarantor
Corporate Guarantee
Rentable SF
8,390
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.55

Investment Overview

Marcus & Millichap is pleased to present for purchase, the fee simple interest in this 8,390 square foot single tenant net leased bank in Dublin, Ohio. The property is occupied by Chase bank and has operated at this location since 1988. There are 2.5 years remaining on a five-year NNN lease with two, five-year renewal options remaining. The landlord is only responsible for structure. The property sits on a large 1.84 acre lot with a large parking lot, and four drive through lanes and a 24 hour ATM. The subject is located along Sawmill Road seeing over 50,493 vehicles per day, just off of Interstate 270, the Columbus Outerbelt which sees over 141,000 vehicles per day.

Investment Highlights

  • Single Tenant Bank with 2.5 Years Remaining on a NNN Lease
  • Two, 5-Year Renewal Options with 10% Rental Increases in Each
  • $172+ Million in Total Deposits as of June 2019
  • Tenant Has Occupied This Location Since 1988
  • Located Directly Off of Interstate 270, Seeing Over 141,000 Vehicles Per Day

Exclusively Listed By

Listing Price: $2,490,400

Cap Rate
6.25%
Tenant Name
Chase Bank
Years Remaining On Lease
2.30
Guarantor
Corporate Guarantee
Rentable SF
8,390
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.55

Investment Highlights

  • Single Tenant Bank with 2.5 Years Remaining on a NNN Lease
  • Two, 5-Year Renewal Options with 10% Rental Increases in Each
  • $172+ Million in Total Deposits as of June 2019
  • Tenant Has Occupied This Location Since 1988
  • Located Directly Off of Interstate 270, Seeing Over 141,000 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present for purchase, the fee simple interest in this 8,390 square foot single tenant net leased bank in Dublin, Ohio. The property is occupied by Chase bank and has operated at this location since 1988. There are 2.5 years remaining on a five-year NNN lease with two, five-year renewal options remaining. The landlord is only responsible for structure. The property sits on a large 1.84 acre lot with a large parking lot, and four drive through lanes and a 24 hour ATM. The subject is located along Sawmill Road seeing over 50,493 vehicles per day, just off of Interstate 270, the Columbus Outerbelt which sees over 141,000 vehicles per day.

Exclusively Listed By

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