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
    The Offering Memorandum for this property is no longer available.

    Contact

    Jonathan W. Hipp
    Capital Markets Head of U.S. Net Lease Group
    703.787.4725
    Richard Murphy, CCIM
    Senior Vice President U.S. Capital Markets Net Lease Group
    571.449.8234
    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