Chase Bank | New 15 Yr. Ground Lease

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire a newly constructed single tenant NNN property, ground leased to an investment grade tenant, Chase Bank located in the affluent Minneapolis neighborhood of Saint Anthony, MN. With a brand new 15-year primary term, three 5-year option periods, 10% rent increases every five years, and zero landlord responsibilities, this asset is ideal for a 1031 Exchange or a coupon clipper desiring years of stable inflation resistant passive income.

JP Morgan Chase is a publicly traded company (NYSE: JPM) and has a strong investment grade credit rating from Moody’s of Aa2 (S&P: A+). The subject property comprises a ~3,500 SF building with drive-thru and on a large 1.2-acre parcel, is adjacent to Silver Lake Village Shopping Center, and is surrounded by over 3,600 multi-family units within a mile.

Located directly on Silver Lake Road, this property has excellent ingress/egress, sees over 18,000 VPD, and is within 15 minutes of downtown Minneapolis, which has an MSA population exceeding 2.9 Million. Nearby retailers include Club Foods, Chipotle, Cold Stone Creamery, Culvers, Walgreens, Anytime Fitness, and Valvoline.

This is an excellent opportunity to own a NNN leased asset with a new long-term lease, 15 years in options, and no landlord responsibilities, providing years of worry-free cash flows.

Available