Chase Bank

664 Mantua Pike, Woodbury, NJ
Deal Type:
Net Lease
Price:
$4,613,333
Cap Rate:
3.75%
Current Rent:
$173,000
Lease Type:
Ground Lease
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Three, 5-year options
Building Sq. Ft.:
2,730 SF
Rent Increases:
10% every 5 years
Site Size:
42,611 SF
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase bank stream capital partners
  • chase bank stream capital partners

Investment Highlights

  • Commitment – Chase signed a 20-year lease that will commence in April 2022
  • Rent Growth – Chase has committed to 10% rent increases every 5 years throughout the lease, providing a hedge against inflation
  • Location – The Chase is located on the main retail thoroughfare in Woodbury, NJ and will see over 30,000 vehicles per day
  • Demographics – Population exceeds 67,476 within 3 miles with an average household income of $100,000 within 1, 3 and 5 miles of the property
  • Trade Area – The Chase is located in an excellent retail trade area that includes ACME Markets, ALDI, McDonald’s, Starbucks, Dunkin, Wawa, etc.
  • Area Bank Deposits – All branches on Mantua Pike have deposits in excess of $150M

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

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

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