Chase Bank for Sale in Troy, OH
Troy, OH
Key Investment Metrics
Price
$1,272,333
Cap Rate
6.0%
Net Operating Income
$76,340
Building Size
2360 SF
Land Area
1.08 Acres
Remaining Term
5.4 years
Lease Expiration
12/31/2031
Lease Term
49 years
Lease Commencement
01/01/1983
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1983
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
Property overview
Chase Bank in Troy
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,360 SF
- Land area
- 1.08 acres
- Year built
- 1983
- Lease type
- Absolute NNN
- Lease expiration
- 12/31/2031
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.