Chase Bank

232 Main Street, Moorestown, NJ
Deal Type:
Net Lease
Ownership Type:
Ground Lease
Price:
$6,250,000
Cap Rate:
4.00%
Current Rent:
$250,000
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4 x 5 year
Building Sq. Ft.:
2,730 SF
Rent Increases:
10% every 5 years
Site Size:
29,848 SF
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase bank stream capital partners

Investment Highlights

  • Rare opportunity to acquire a 20-year lease to JPMorgan Chase
  • The lease calls for 10% rent increases every 5 years
  • The property is located on W Main Street, the main thoroughfare through the downtown retail corridor of Moorestown
  • Densely populated area with an average household income of $182,099 within one mile of the property (Nationally recognized bank branches in the area all have very strong branch deposits)

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Jordan Williams

Senior Associate
205 209 5671
Jwilliams@stream-cp.com

Broker of Record: Mike Antonoplos, Lic. #NJ-MJA-8132327

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