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NNN Freestanding Chase Bank | Saginaw, MI 4144 Bay Rd 2,448 SF Retail Building Saginaw, MI 48603 $1,607,838 CAD ($656.80 CAD/SF) 6% Cap Rate
Investment Highlights
- DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- TOP 15% PERFORMING LOCATION NATIONWIDE
- LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
Executive Summary
- ?Lease guaranteed by JPMorgan Chase, the largest bank in the United States by deposits with ~$2.8 trillion in assets and a global banking platform
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- ?The Chase Bank branch reports approximately $160 million in deposits, reflecting deep customer engagement, consistent transaction volume, and a well-established presence within the Saginaw trade area
ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES
- ?True passive investment structure with no landlord obligations, providing consistent and predictable cash flow
TOP 15% PERFORMING LOCATION NATIONWIDE
- ?This branch ranks in the top 15% of all Chase locations by customer visits (Placer.ai), highlighting strong deposit activity and long-term strategic importance
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- ?In-place rent is modest relative to national branch economics, creating a highly sustainable occupancy cost structure that supports long-term renewal probability and continued site profitability
DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- ?Surrounded by a critical mass of national retailers, grocery anchors, and service users that drive consistent daily traffic and support long-term site viability
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 2,448 SF
- -
- Triple Net
- Feb 2021
Chase traces its roots to the late 1700s through the Bank of the Manhattan Company, and the Chase name later grew through the 1877 founding of Chase National Bank and the 1955 merger that formed Chase Manhattan Bank. The modern business sits within JPMorganChase, which formed in 2000 from the merger of J.P. Morgan & Co. and Chase Manhattan Company. Chase offers personal and business banking, credit cards, home loans, auto financing, investing, retirement planning, and commercial banking services through a broad consumer and institutional platform. JPMorganChase positions Chase and J.P. Morgan as complementary brands serving consumers, small businesses, corporate clients, and government clients in the United States and internationally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 2,448 SF | - | Triple Net | Feb 2021 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-12-4-02-3004-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $507,329 CAD |
Property Taxes
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
Presented by
NNN Freestanding Chase Bank | Saginaw, MI | 4144 Bay Rd
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