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Chase | Recent Extension | S&P: A+| NYSE: JPM 29640 Rancho California Rd 5,362 SF Retail Building Temecula, CA 92591 $7,349,519 CAD ($1,370.67 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Recent 5-Year Extension | Long Term Occupancy (30+ Years) | Investment Grade Tenant (S&P: A+ | NYSE: JPM)
Temecula Town Center (4.8M+ Visitors) | Dense Retail Corridor | National/Credit Tenant Presence | Nearby Residential Complexes
Strong Demographics In 5-Mile Trade Area | Six-Figure Incomes | Temecula Valley Strong Tourism & Population Growth

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Along Rancho California Road | Excellent Visibility & Access | Nearby On/Off Ramp to Interstate 15 | Drive-Thru Equipped

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment grade (S&P: A+), drive-thru equipped, Chase Bank investment property located in Temecula, California. The tenant, JPMorgan Chase Bank, NA, has occupied the site for 30 years and recently extended their lease an additional 5 years with 2 (5-year) option periods to extend, demonstrating their commitment to the site. The lease is signed by the corporate entity (S&P: A+), and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,362 SF

Building Class

Year Built

1989

Price

$7,349,519 CAD

Price Per SF

$1,370.67 CAD

Cap Rate

5.50%

NOI

$404,186 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

0.81 AC

Zoning

CG - Community Commercial

Parking

27 Spaces (5.04 Spaces per 1,000 SF Leased)

Frontage

133’ on Rancho California Rd

Freeway Visibility

Signage

Drive Thru

Monument Signage

Finance and Insurance
99,999 SF
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Chase Bank, officially JPMorgan Chase Bank, N.A., is the consumer and commercial banking subsidiary of JPMorgan Chase & Co., the largest bank in the United States by assets. Its origins trace back to The Manhattan Company, founded in 1799, and Chase National Bank, established in 1877. The two merged in 1955 to form Chase Manhattan Bank, which later combined with J.P. Morgan & Co. in 2000 to create JPMorgan Chase & Co. Today, Chase provides a wide range of financial services, including retail banking, credit cards, mortgages, auto loans, and business banking. Headquartered at 270 Park Avenue in New York City, JPMorgan Chase operates globally and trades publicly on the NYSE under the ticker symbol JPM. The company employs over 317,000 people and manages assets exceeding $4 trillion. [en.wikipedia.org], [en.wikipedia.org], [bing.com]