Chase Bank | New 15yr Corp Abs Grd Lse 1700 W Mercury Blvd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, newly constructed, investment grade (S&P: A+), drive-thru equipped, Chase Bank investment property located in Hampton, Virginia. The newly constructed building is located at the signalized, hard corner intersection within the Peninsula Town Center, ensuring excellent visibility & market presence. The tenant, JPMorgan Chase Bank, NA, recently signed a brand new 15-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: A+), and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.2 trillion and operations worldwide.