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- LoopNet Team
1651 Boston Post Rd
Milford, CT 06460
Chase Bank Ground Lease - Absolute NNN · Retail Property For Sale
Investment Highlights
- Situated in downtown Milford, arguably the most highly coveted retail submarket in Connecticut, with both attractive national and and local retailers
- Lease features attractive rent escalations every five years during the initial term and each of the three five-year options to renew.
- Zero landlord management obligations
- Long Term NNN Ground Lease - Chase Bank’s 20-year NNN lease has 10 years remaining on the original term
- Lease corporately guaranteed by JPMorgan Chase, largest bank in the US, and holds one of the highest credit ratings available by both S&P & Moody's
- Located in an affluent area with an AHI of just under $120K & a projected 2024 AHI of over $130K in a in a one mile radius
PROPERTY FACTS
Amenities
- Drive Thru
About 1651 Boston Post Rd , Milford, CT 06460
Long term absolute NNN fee simple ground lease with JPMorgan Chase. JP Morgan Chase is the largest bank in the United States and boasts an S&P rating of A+ with a stable outlook and a Moody’s rating of Aa2 with a stable outlook. There are 10 years remaining on a 20 year lease with fixed rental increases every 5 years including options. There are ZERO landlord management obligations or expenses. The freestanding property is at the signalized intersection directly across from a high-end lifestyle center, Milford Marketplace, and located directly on the primary retail corridor of Boston Post Road/Route 1. This location is the retail “hub” in the New Haven market with attractive national and local retailers in the immediate vicinity.
PROPERTY TAXES
| Parcel Number | MILF-000100-000805-000011A | Improvements Assessment | $782,750 |
| Land Assessment | $1,324,870 | Total Assessment | $2,107,620 |
PROPERTY TAXES
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