Chase Bank New 15Year Nnn Ground Lease One Of The… — Sale in New Hope (Southwest Of Nyc), PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New Hope (Southwest Of Nyc), PA 18938

Investment Figures

Cap rate
5.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Chase Bank Ground Lease in New Hope (Pennsylvania MSA), PA. 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

Market Context

This retail in New Hope (Southwest Of Nyc), PA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in New Hope (Southwest Of Nyc), PA — view the full market.

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