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Views: 115 DOM: 625 Updated: 07.04.24 Posted: 10.26.22 Status: Active


Price $4,492,125
Built/Renov 2006
Tenant Chase Bank (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,974
Lease Start 09-04-2006
#Units 5,100
Price/SF $1,130.38
Expiration 09-04-2036
Tenant Type Bank/Financial
NOI $179,685
R. Term 12.1
Ownership Ground Lease
Rent/SF $45.22
Increases 10.0%/4/yrs
Pop 5Mi 277,817
Lot/AC 0.88
Options 4/5yrs/10%
AHHI 5Mi $87,527

Lease Highlights

  • Chase Bank has been operating at this location since 2006
  • Tenant has 13 years remaining in their initial lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term, and at the beginning of each option period
  • Triple net ground lease with zero landlord responsibilities
  • Deposits at this location were $139,086,000 in 2021
  • JP Morgan Chase Bank is an investment grade rated tenant (S&P: A+)

Location Description

Chase Bank is strategically located at the signalized, hard corner, 4-way intersection of Cicero Avenue (44,200 VPD) and 135th Street (18,200 VPD). The subject property is in a dense retail corridor near many national/credit tenants such as Target, Kohl’s, Menard’s, AMC Theaters, Walgreens, ALDI, Dollar Tree, and many more. Restaurants in the area include Chick-Fil-A, Applebee’s, WingStop,...



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  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase & Co.
  • # Units:5,100
  • 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 : 10,349 80,415 274,248
2022 Total Population : 10,638 82,645 281,990
2022 Employed Civilian Pop : 5,336 41,405 139,888
2022 Total Businesses : 615 2,928 8,312
2022 Average Household Income : $ 79,429 $ 91,576 $ 99,288
2022 Total Consumer Spending : $ 315 M $ 2516 M $ 9208 M
2022 Median Age : 46 40 40
2022 Total Households : 4,640 32,230 109,018
2022 Pop Age 25+: Bachelor's Degree : 1,423 10,576 39,929
2022 Average Home Value : $ 209,750 $ 267,931 $ 278,268
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Cicero Ave Rivercrest Dr 2013 39,100 0.15 mi
Cicero Ave 137th St 2013 44,200 0.30 mi
135th St Kolmar Ave 2018 18,200 0.37 mi
135th St Le Claire Ave 2014 9,700 0.37 mi
Cal Sag Rd Kostner Ave 2014 9,650 0.48 mi
West 135th Street Kostner Ave 2018 4,800 0.54 mi
Cicero Avenue W 131st St 2019 33,800 0.57 mi
Kostner Ave 136th Ct 2014 4,550 0.60 mi
S Loveland St W 129th St 2006 6,800 0.63 mi
Midlothian Tpke Dori Ln 2014 16,000 0.69 mi

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