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Chase Bank | New 15yr Corp Abs Grd Lse 1700 W Mercury Blvd

6,500 SF Retail Building Hampton, VA 23666 $6,095,121 CAD ($938 CAD/SF) 5% Cap Rate

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Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Investment Grade Tenant | Well-Known & Established Tenant
Brand New 2024 Construction | Drive-Thru ATM Equipped
Signalized, Hard Corner Intersection | Excellent Visibility & Access | Dense Retail Corridor | National/Credit Tenant Presence

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Peninsula Town Center (7.3M+ Annual Visitors) | #3 Most Visited Lifestyle Center in VA | Nearby Residential & Hospitality Complexes
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly constructed, investment grade (S&P: A+), drive-thru equipped, Chase Bank investment property located in Hampton, Virginia. The newly constructed building is located at the signalized, hard corner intersection within the Peninsula Town Center, ensuring excellent visibility & market presence. The tenant, JPMorgan Chase Bank, NA, recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. 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.