Chase Bank - Net Lease Property for Sale
West Des Moines, IA
Key Investment Metrics
Price
$11,094,938
Cap Rate
7.3%
Net Operating Income
$807,319
Building Size
11204 SF
Lot Size
11,204 SF
Land Area
1.9 Acres
Remaining Term
9.4 years
Lease Expiration
05/30/2035
Lease Term
16 years
Lease Commencement
05/30/2019
Lease Type
NNN
Year Built
1996
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
About This Chase Bank Net Lease Property
This Chase Bank NNN (triple net lease) property is located in West Des Moines, IA and represents an excellent investment opportunity for commercial real estate investors. The property features 11204 square feet of building space and was built in 1996.
With a cap rate of 7.3%, this Chase Bank net lease property offers stable income potential. The asking price is $11,094,938, 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.
West Des Moines, IA Market Overview
Located in West Des Moines, IA, this Chase Bank property benefits from strong local demographics and market fundamentals. The West Des Moines area offers excellent visibility and accessibility, making it an ideal location for Chase Bank operations and a solid investment for net lease property buyers.