Chase Bank - Net Lease Property for Sale
Rochester, NY
Key Investment Metrics
Price
$5,900,000
Cap Rate
5.0%
Net Operating Income
$295,000
Building Size
4770 SF
Lot Size
4,770 SF
Land Area
1.212 Acres
Remaining Term
10.1 years
Lease Expiration
01/31/2036
Lease Type
Absolute NNN
Year Built
1991
Occupancy
100%
Tenancy
Single
Rent Increases
10% every five years
About This Chase Bank Net Lease Property
This Chase Bank NNN (triple net lease) property is located in Rochester, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 4770 square feet of building space and was built in 1991.
With a cap rate of 5.0%, this Chase Bank net lease property offers stable income potential. The asking price is $5,900,000, 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.
Rochester, NY Market Overview
Located in Rochester, NY, this Chase Bank property benefits from strong local demographics and market fundamentals. The Rochester area offers excellent visibility and accessibility, making it an ideal location for Chase Bank operations and a solid investment for net lease property buyers.