Chase Bank - Net Lease Property for Sale
Holland, MI
Key Investment Metrics
Price
$1,640,667
Cap Rate
6.0%
Net Operating Income
$98,440
Building Size
3670 SF
Lot Size
3,670 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
About This Chase Bank Net Lease Property
This Chase Bank NNN (triple net lease) property is located in Holland, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 3670 square feet of building space and was built in 1980.
With a cap rate of 6.0%, this Chase Bank net lease property offers stable income potential. The asking price is $1,640,667, making it an attractive option for 1031 exchange investors seeking quality Chase Bank commercial properties.
Why Invest in Chase Bank NNN Properties?
- Stable Income: Chase Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chase Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Holland, MI Market Overview
Located in Holland, MI, this Chase Bank property benefits from strong local demographics and market fundamentals. The Holland area offers excellent visibility and accessibility, making it an ideal location for Chase Bank operations and a solid investment for net lease property buyers.