Views: 4 DOM: 250 Updated: 08.21.23 Posted: 04.05.23 Status: Active


Price $2,556,000
Built/Renov 2021
Tenant Chase Bank (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,279
Lease Start 07-01-2021
#Units 4,784
Price/SF $779.51
Expiration 07-01-2041
Tenant Type Bank/Financial
NOI $115,000
R. Term 17.6
Ownership Ground Lease
Rent/SF $35.07
Increases 10.0%/3/yrs
Pop 5Mi 243,738
Lot/AC 0.56
Options 2/5yrs/10%
AHHI 5Mi $115,253

Lease Highlights

  • New 2021 construction
  • Chase Bank recently signed a brand-new 20-year lease with 2 (5-year) options
  • Ground lease features 10% rental increases throughout the initial term and at each option period
  • Absolute NNN lease presents zero landlord responsibilities
  • Corporate guarantee by JPMorgan Chase Bank N.A. (NYSE: JPM)
  • Chase Bank is an investment grade tenant (S&P: A+)

Location Description

Chase Bank is located along Library Road (State Highway 88) with access to 15,200 vehicles per day. The site is ideally situated as an outparcel to Bethel Park Shopping Center, a 248K+ SF Community Center anchored by Walmart and Giant Eagle. Additional national/credit tenants in the area include AMC Theaters, The Home Depot, Kohl’s,Auto Zone, Aldi, Petco and many more. The tenant is located a...



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  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase Bank N.A.
  • # Units:4,784
  • Tenant S&P: A+
  • Moody’s: A1
  • Stock:NYSE: JPM

About Tenant

JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank. Founded in 1877, The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000....



  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,354 90,485 242,885
2023 Total Population : 8,345 91,694 246,176
2023 Employed Civilian Pop : 4,244 49,134 132,039
2023 Total Businesses : 416 3,124 7,553
2023 Average Household Income : $ 110,132 $ 129,985 $ 120,074
2023 Total Consumer Spending : $ 341 M $ 4281 M $ 10859 M
2023 Median Age : 51 48 46
2023 Total Households : 3,623 38,641 105,588
2023 Pop Age 25+: Bachelor's Degree : 1,873 22,400 55,737
2023 Average Home Value : $ 300,265 $ 310,064 $ 297,161
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Brightwood Road Library Rd 2019 6,207 0.09 mi
Library Road Lytle Rd 2021 14,706 0.15 mi
Library Road Jordan Dr 2020 12,991 0.15 mi
Brightwood Road Library Rd 2020 5,199 0.17 mi
Brightwood Rd Lindermer Ave 2015 6,374 0.20 mi
Broughton Road Locust Rd 2021 13,644 0.21 mi
Library Rd Lindermer Ave 2015 13,643 0.24 mi
Broughton Rd Gerhold St 2015 10,000 0.29 mi
Library Road Lytle Rd 2021 16,066 0.37 mi
Brightwood Rd Slater Rd 2015 4,221 0.40 mi

Listing Broker

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