625 U.S. Route 9 S
Little Egg Harbor Township, NJ 08087

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the NNN ground leased interest in this brand-new freestanding Chase Bank in Little Egg Harbor Township, New Jersey. The tenant, JP Morgan Chase, signed a 20-year lease with structured rental increases of 10 percent in year 11 and every five years thereafter during the initial term and four, five-year renewal options. JP Morgan Chase, one of the oldest financial institutions in the United States, is investment grade, rated “A+” by Standard & Poor’s, and publicly traded (NYSE: JPM). They are a leading global financial services firm with assets of $2.6 trillion and have a presence in over 100 markets with over 250,000 employees. The Property is ideally situated with excellent visibility and access along Route 9, a north-south U.S. highway that runs from the Cape May-Lewes Ferry terminal in North Cape May to New York. This is a primary regional retail corridor that averages more than 10,000 vehicles per day. The offering includes a 1.01-acre parcel with the bank’s building to be completed in the coming months. The branch will feature two drive-thru lanes. The tenant will benefit from its location as the outparcel to a Walmart Supercenter that was recently built in 2016. The bank branch is also in immediate proximity to notable retailers Tractor Supply Company, Rite Aid, Dollar General, and Acme Markets. Little Egg Harbor Township is an upscale demographic location with a population of 12,993 and an average household income of $74,237 within a 3-mile radius. Little Egg Harbor New Jersey presents many barriers to new development with pine lands in to the west. To this end, it took Walmart 13 years to develop and open this property after numerous appeals from the local municipality and New Jersey State highway administration.