Brand New 15 Yr. Ground Lease- Trophy PAD Chase Bank

Investment Highlights

Brand New 15 Yr. Absolute NNN Ground Lease by Chase Bank (NYSE:JPM) - Just Recently Opened Affluent Suburb Minneapolis-St. Paul - Strong Demo?s ($111,671 HHI 1 Mile)- Huge Growth Area 2024 Prototype with Drivethru - Well Below Market Rent - Large 1.2 Acre - Strong RE Intrinsics High Profile Outparcel at Silver Lake Village Grocery Mixed Use Grocery Center - Cub Foods/The Ruby Iconic American Bank - Largest in the U.S. ($427B - Member DJIA - #1 Ranked Corp/Investment Bank Generational Opportunity with Best in Class Tenant - Largest Retail Bank in the U.S. ($566B Cap)

Executive Summary

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.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Bank Bank General Retail Drugstore General Retail Fast Food General Retail Freestanding Bank
• Building Size    3,366
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    2023
• Price    2,727,273
• Price Per SF    810
• Cap Rate    4.40
• NOI    120,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    1.20 AC