Views: 4 DOM: 223 Updated: 11.28.23 Posted: 05.02.23 Status: Active


Price $2,750,000
Built/Renov 2010
Tenant Chase Bank (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,214
Lease Start 01-01-2010
#Units 4,784
Price/SF $652.59
Expiration 12-31-2030
Tenant Type Bank/Financial
NOI $137,500
R. Term 7.0
Ownership Ground Lease
Rent/SF $32.63
Increases 10.0%/5/yrs
Pop 5Mi 242,936
Lot/AC 0.24
Options 4/5yrs/10%
AHHI 5Mi $76,564

Lease Highlights

  • Chase Bank has been operating at this location since 2010 and there are over 6 years remaining on the primary lease term with 4 (5-year) options to extend
  • The triple net ground lease presents zero landlord responsibilities and features 10% rental escalations every five years
  • JP Morgan Chase Bank is an investment grade rate company (S&P: A+)
  • Corporate guaranteed lease

Location Description

The 4,214 square foot building is strategically located along Torrance Avenue (21,700 VPD) and within proximity to Interstate 80 (150,700 VPD). The area is a dense retail corridor that hosts tenants such as Sam’s Club, Walmart, Burlington, ALDI, Culver’s, Burger King, and many more. The property is less than a half of a mile from the River Oaks shopping center, one of the region’s largest...



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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 : 5,836 113,481 237,822
2023 Total Population : 6,036 115,481 241,933
2023 Employed Civilian Pop : 2,433 52,437 107,314
2023 Total Businesses : 460 3,115 6,780
2023 Average Household Income : $ 66,192 $ 74,576 $ 74,811
2023 Total Consumer Spending : $ 162 M $ 2935 M $ 6023 M
2023 Median Age : 49 39 38
2023 Total Households : 2,829 45,362 92,573
2023 Pop Age 25+: Bachelor's Degree : 783 12,114 24,923
2023 Average Home Value : $ 283,023 $ 196,405 $ 197,902
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
US 6;IL 83 2021 22,200 0.18 mi
Torrence Avenue Ring Rd 2019 22,100 0.20 mi
Torrence Ave Ring Rd 2013 26,500 0.34 mi
170th St Alley 2010 8,400 0.37 mi
167th St River Pl 2014 12,500 0.40 mi
170th St Exchange Ave 2018 8,800 0.51 mi
159th St Torrence Ave 2014 18,700 0.63 mi
159th St Torrence Ave 2013 28,500 0.65 mi
Arcadia Ave 172nd St 2014 5,650 0.66 mi
East 170th Street Merrill Ave 2018 9,900 0.73 mi

Listing Broker

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