Chase Bank for Sale in Saginaw, MI
Saginaw, MI
Key Investment Metrics
Price
$1,154,583
Cap Rate
6.0%
Net Operating Income
$69,275
Land Area
0.21 Acres
Remaining Term
4.6 years
Lease Expiration
02/10/2031
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1975
Occupancy
100%
Tenancy
Single
Rent Increases
10% at option period
Property overview
Chase Bank in Saginaw
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Land area
- 0.21 acres
- Year built
- 1975
- Lease type
- Absolute NNN
- Lease expiration
- 02/10/2031
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.