Views: 19 DOM: 411 Updated: 11.28.23 Posted: 10.26.22 Status: Active


Price $4,991,250
Built/Renov 2007
Tenant Chase Bank (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,330
Lease Start 05-29-2007
#Units 4,700
Price/SF $1,152.71
Expiration 05-29-2037
Tenant Type Bank/Financial
NOI $199,650
R. Term 13.5
Ownership Ground Lease
Rent/SF $46.11
Increases 5.0%/10/yrs
Pop 5Mi 143,945
Lot/AC 1.48
Options 5/5yrs/10%
AHHI 5Mi $111,251

Lease Highlights

  • Chase Bank has been operating at this location since 2007
  • Tenant has 13+ years remaining in their initial lease term with 5 (5-year) options to extend
  • The lease features 10% rental increases every five years
  • Triple net ground lease with zero landlord responsibilities
  • Deposits at this location were $231,201,000 in 2021
  • JP Morgan Chase Bank is an investment grade rated tenant (S&P: A+)

Location Description

Chase Bank is strategically positioned along South La Grange Road with clear visibility and access to more than 37,600 vehicles passing by daily. The property is also within proximity to 131st Street, an east-west thoroughfare with a traffic count of 13,800 vehicles per day. The subject property is surrounded by many national/credit tenants including ALDI, DaVita Dialysis, Walgreens, Circle K,...



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  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase Bank N.A.
  • # Units:4,700
  • 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
2027 Total Population : 4,342 46,505 145,198
2022 Total Population : 4,507 48,158 149,260
2022 Employed Civilian Pop : 2,311 25,246 79,235
2022 Total Businesses : 164 1,647 5,563
2022 Average Household Income : $ 149,516 $ 144,537 $ 126,078
2022 Total Consumer Spending : $ 220 M $ 2260 M $ 6154 M
2022 Median Age : 52 48 45
2022 Total Households : 1,769 18,742 58,111
2022 Pop Age 25+: Bachelor's Degree : 1,115 10,459 27,630
2022 Average Home Value : $ 421,257 $ 398,081 $ 344,444
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
131st St Mill Rd 2014 13,800 0.22 mi
131st St Southmoor Dr 2014 8,400 0.32 mi
West 131st Street S Mill Rd 2018 12,300 0.37 mi
135th St Howe Dr 2014 6,500 0.38 mi
96th Ave 135th St 2013 37,600 0.44 mi
Southwest Highway 135th St 2019 14,800 0.55 mi
West 135th Street Southwest Hwy 2018 8,350 0.60 mi
Southwest Hwy 96th Ave 2013 10,150 0.69 mi
West 131st Street Southwest Hwy 2018 10,500 0.70 mi
West 131st Street Southwest Hwy 2018 10,500 0.70 mi

Listing Broker

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