Chase Bank for Sale in Holland, MI
Holland, MI
Key Investment Metrics
Price
$1,640,667
Cap Rate
6.0%
Net Operating Income
$98,440
Building Size
3670 SF
Land Area
0.61 Acres
Remaining Term
3.7 years
Lease Expiration
04/14/2030
Lease Term
30 years
Lease Commencement
04/10/2000
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1980
Occupancy
100%
Tenancy
Single
Rent Increases
5% in 6th extension & 8% in 7th extension
Property overview
Chase Bank in Holland
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,670 SF
- Land area
- 0.61 acres
- Year built
- 1980
- Lease type
- NN
- Lease expiration
- 04/14/2030
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.