Property Details

Chase Bank

Philadelphia, PA
Property ID: 14323

Financial Summary

Asking Price $4,117,647
Cap Rate 4.25%
Net Operating Income (NOI) $175,000
Lease Type NN

Offering Memorandum

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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
202.644.8700
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700
Adam Gillespie
Principal
610.276.3753

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Highlights

  • Newly opened branch under long term lease
  • Outstanding location in central Philadelphia across from Whole Foods
  • S&P A+ rated tenant
  • Newly renovated building with minimal landlord responsibilities
  • Generational quality asset, ideal for 1031 exchange buyers
  • Generous 12% rent increases every five-years

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

926 South Street
Philadelphia, PA

Leigh ClineChase Bank