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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 51 Updated: 08.21.25 Posted: 08.21.25 Status: Active     08.21.25

Summary

Price $10,650,000
Tenant Chase Bank
Cap Rate 4.69%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 5,207
Lease Start 11-01-2025
#Units 4,700
Price/SF $2,045.32
Expiration 11-01-2040
Tenant Type Bank/Financial
NOI $500,000
R. Term 15.0
Ownership Ground Lease
Rent/SF $96.02
Increases 10.0%/6/yrs
Pop 5Mi 752,599
Lot/AC 0.87
Options 4/5yrs/10%
AHHI 5Mi $147,116

Highlights

  • Chase Bank has signed a brand-new 15-year ground lease commencing November 2025 with four 5-year renewal options
  • The lease features 10% rental increases in Years 6 & 11, and at each renewal option
  • NNN Ground Lease | Zero Landlord Responsibilities
  • Corporate Guarantee | Investment Grade Tenant 

Location Description

Chase Bank is strategically located along West Sunrise Highway (NY-27) in Valley Stream, NY. The site is surrounded by major national retailers including Target, Home Depot, Walmart, Best Buy, Staples, Stop & Shop, TJ Maxx, and Starbucks, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and new developments such as Valley...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chase Bank
  • Guarantor:Corp T and Rated
  • Company:JPMorgan Chase & Co.
  • # Units:4,700
  • Tenant S&P: AA-
  • 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....


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Demographics

  1 Miles 3 Miles 5 Miles
2030 Total Population : 33,030 277,831 756,793
2025 Total Population : 33,361 281,090 763,680
2025 Employed Civilian Pop : 18,243 146,516 381,701
2025 Total Businesses : 1,635 8,237 20,877
2025 Average Household Income : $ 154,184 $ 160,628 $ 146,195
2025 Total Consumer Spending : $ 1348 M $ 12003 M $ 30140 M
2025 Median Age : 41 41 41
2025 Total Households : 10,452 89,089 244,198
2025 Pop Age 25+: Bachelor's Degree : 6,395 49,123 121,763
2025 Average Home Value : $ 661,476 $ 721,777 $ 733,030
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Sunrise Hwy Green Acres Rd S 2016 59,407 0.04 mi
Sidney Place Mill Rd 2021 12,914 0.09 mi
W Valley Stream Blvd Camdike St 2019 2,343 0.18 mi
W Valley Stream Blvd 2021 118 0.18 mi
S Central Ave W Jamaica Ave 2016 25,176 0.19 mi
W Valley Stream Blvd Bucknell Rd 2016 2,517 0.19 mi
W Valley Stream Blvd 2021 333 0.20 mi
Birch Ln 2021 43 0.20 mi
West Valley Stream Boulevard Clearstream Ave 2021 2,432 0.23 mi
South Central Avenue W Valley Stream Blvd 2021 19,726 0.23 mi

Listing Broker

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