Chase Bank 101 St Mark Ave 3,333 SF Retail Building Selma, NC 27576 $3,000,000 ($900.09/SF) 4.50% Cap Rate

This rare investment opportunity offers a newly developed, single-tenant net-leased (NNN) property occupied by Chase Bank in Selma, North Carolina, within the high-growth Raleigh-Cary MSA. The property features a corporate ground lease with over 13 years remaining, including six (5-year) renewal options. Investors benefit from scheduled 10% rental increases every five years, providing consistent income growth and a strong inflation hedge.
Strategically situated within Eastfield Commons, a 435-acre master-planned, mixed-use development, the property enjoys exceptional visibility near the intersection of Interstate 95 and U.S. Highway 70, with a combined traffic count of more than 63,400 vehicles daily. The surrounding retail corridor is anchored by nationally recognized brands such as Target, Academy Sports, Marshalls, Ulta, and Hobby Lobby, along with proximity to Carolina Premium Outlets. This robust co-tenancy enhances consumer draw and sustained foot traffic.
As a land lease investment, ownership involves minimal landlord responsibilities, making it a low-maintenance, passive income asset. Additionally, the property lies within an Opportunity Zone, offering potential tax advantages for qualifying investors (consult a tax professional). With strong demographics, growing employment drivers, and connection to the Raleigh-Durham Research Triangle, this investment presents secure income backed by a credit-rated tenant with long-term growth prospects.