Chase Bank Ground Lease
Single-Tenant Offerings
Chase Bank Ground Lease
449 York Road
New Hope (Bucks County), PA
- Price:
- $3,500,000
- Cap Rate:
- 5.00%
- NOI:
- $175,000
- Rentable SQFT:
- 3,740 SF
- Year Built:
- 2026
- Lot Size:
- 0.0897 +/- Acres
- Lease Type:
- NNN Ground Lease (Condo Interest)
- Status:
- Available
Investment Highlights
- New 15-Year Absolute NNN Corporate Ground Lease with 10% Increases Every 5 Years
- Investment Grade Tenant (NYSE: JPM; S&P: AA-), 5,300+ Branches in 48 States
- Leading Financial Services Firm Based in the U.S. with $4.6 Trillion in Assets
- Chase Has Opened More Branches Than All Large Bank Peers Combined Over the Last 7 Years
- Significant Capital Investment by Tenant to Build New Bank Branch
- Centrally Located Between New York City and Philadelphia
- New Hope is One of the Wealthiest Neighborhoods in the U.S. and Home to Many Celebrities, Musicians, Artists, and Fortune 500 Execs
- Average Household Incomes Exceed $181,000 in 3 Miles and $189,000 in 5 Miles
- Strategic Location, Nearest Chase Bank with a Drive-Thru is Over 15 Miles Away
- Outparcel to High-Performing Giant, Dominant Grocery Anchored Center in the Community
- Hard Corner Location at Signalized Intersection, Excellent Access and Visibility Along Route 202
- 3 Miles to Peddler’s Village with 2+ Million Visitors Annually, Third Most-Popular Tourist Destination in the Philadelphia Region
- Close Proximity to K-12 Schools with 3,000+ Students, New Hope-Solebury School District is One of the Best in the State
- Strong Daytime Population, Over 20,000 Employees in Primary Trade Area
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