Join Free
Views: 80 Updated: 03.20.24 Posted: 01.18.23 Status: Sold


Price $4,325,000
Built/Renov 2022
Tenant Chase Bank (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,730
Lease Start 04-01-2022
#Units 4,784
Price/SF $1,584.25
Expiration 03-31-2042
Tenant Type Bank/Financial
NOI $173,000
R. Term 17.10
Ownership Ground Lease
Rent/SF $63.37
Increases 10.0%/3/yrs
Pop 5Mi 131,849
Lot/AC 0.98
Options 3/5yrs/10%
AHHI 5Mi $104,761

Lease Highlights

  • Chase Bank is original tenant: build-to-suit facility (2022)
  • The tenant has 18 years remaining in its initial term with 3 (5-year) options to extend
  • The lease features 10% rent increases every 5 years
  • Zero landlord responsibilities- Absolute NNN lease
  • Corporate guarantee by JP Morgan Chase Bank (NYSE: JPM)
  • JP Morgan Chase Bank is an investment grade tenant (S&P: A+)

Location Description

This Chase is located on Mantua Pike (Route 45), which is the main retail thoroughfare in Woodbury, NJ, and sees over 20,000 vehicles per day. The property benefits from strong demographics of 131,849 living within a 5-mile radius, and an AHHI of $104,761. This branch is positioned in an excellent retail trade area that includes ACME Markets, ALDI, McDonald’s, Starbucks, Dunkin, Wawa and more....



  • 1 Mile
  • 3 Miles
  • 5 Miles


  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JP Morgan 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 : 10,150 67,013 136,302
2023 Total Population : 10,246 67,058 135,669
2023 Employed Civilian Pop : 4,761 35,037 69,627
2023 Total Businesses : 543 2,025 4,307
2023 Average Household Income : $ 106,013 $ 112,985 $ 113,203
2023 Total Consumer Spending : $ 363 M $ 2634 M $ 5255 M
2023 Median Age : 41 42 42
2023 Total Households : 4,021 27,306 54,324
2023 Pop Age 25+: Bachelor's Degree : 1,588 10,385 19,866
2023 Average Home Value : $ 282,782 $ 300,112 $ 298,647
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
South Evergreen Avenue 2018 9,826 0.06 mi
Mantua Pike S Evergreen Ave 2020 16,038 0.11 mi
South Evergreen Avenue Mantua Pike 2020 9,644 0.12 mi
Mantua Pike Packard Ave 2011 17,889 0.30 mi
Bellevue Ave Summit Ave 2004 1,620 0.34 mi
Twells Ave Salem Ave 2004 2,990 0.35 mi
Mantua Pike Twells Ave 2018 19,964 0.36 mi
Salem Avenue Morris St 2017 8,962 0.38 mi
Salem Ave Emerson St 2011 12,107 0.40 mi
South Barber Avenue S Evergreen Ave 2018 7,734 0.41 mi

Listing Broker

Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT



my activity