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Commercial real estate marketing

New Listing: Low Rent Chase Bank (S&P: A+) w/ Drive Thru in PA | 18 Yr True NNN Lease

INVESTMENT HIGHLIGHTS

 

Brand new 20-year lease with 2 option periods to extend in 2021
10% rental increases every 5 years throughout the initial term and option periods
Signed by JPMorgan Chase Bank, N.A. (S&P: A+)
One of the world’s leading financial institutions with over $3.66 Trillion in assets as of 2022
Ideally situated as an outparcel to Bethel Park Shopping Center (248K+ SF) anchored by Walmart and Giant Eagle | The highest nationally visited within their chain with 14.74 and 13.02 visits per SF
Additional nearby national/credit tenants including The Home Depot, AMC Theaters, Kohl’s, ALDI, AutoZone, Target, and Petco
1.5 miles southeast of South Hills Village (1.1M SF) with 130 specialty retails that attracts 8.5 million shopper visits annually
Strategically located along Library Road (15,200 VPD)
Quick 25-minute drive into Downtown Pittsburgh via U.S. Highway 19 (29,100 VPD)
More than 243,700 residents and 88,600 employees in the 5-mile trade area | AHHI $105,641 and $115,253 in 1 and 5 miles of the subject

$2,644,000

4.35%

EXCLUSIVELY MARKETED BY

Matthew Mousavi
Managing Principal,
National Net Lease Group

 

D 949.698.1116
M 714.404.8849

CA License No. 01732226

Patrick R. Luther, CCIM

Managing Principal,
National Net Lease Group

 

D 949.698.1115
M 480.221.4221

CA License No. 01912215

Broker of Record: David Wirth, SRS Real Estate Partners-Northeast, LLC | PA License No. RM421531

 
NNLG LISTINGS
NNLG TEAM
NNLG LINKEDIN

SRS National Net Lease Group
610 Newport Center Drive, Suite 1500  |  Newport Beach, California 92660

 

This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

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