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NNN Freestanding Chase Bank | Troy, OH 1011 W Main St 2,360 SF Retail Building Troy, OH 45373 $1,272,333 ($539.12/SF) 6% Cap Rate
Investment Highlights
- DAYTON MSA LOCATION & REGIONAL ECONOMIC ANCHORS
- HIGH TRAFFIC LOCATION
- DOMINANT RETAIL CORRIDOR WITH STRONG NATIONAL CO-TENANCY
Executive Summary
- ?Lease guaranteed by JPMorgan Chase, the largest bank in the United States by deposits with $2.8 trillion in assets and a global banking platform
STRONG BRANCH FUNDAMENTALS | $97 MILLION DEPOSIT BASE
- ?The property is supported by an approximately $97 million deposit base, demonstrating meaningful customer penetration and reinforcing the branch's importance within
JPMorgan Chase's regional network
ABSOLUTE NNN GROUND LEASE WITH RECENT RENEWAL
- ?Structured as an absolute NNN ground lease with zero landlord responsibilities, offering investors a fully passive, management-free income stream
? - The lease was recently renewed by the tenant, demonstrating long-term commitment and longevity at the site
HIGH TRAFFIC LOCATION
- ?This location ranks in the top 20% of Chase branches nationally by foot traffic (Placer.ai), underscoring its long-term operational relevance
DOMINANT RETAIL CORRIDOR WITH STRONG NATIONAL CO-TENANCY
- ?Strategically positioned along W Main Street, Troy's primary commercial corridor, surrounded by national retailers including Walmart, Kroger, McDonald's, and AutoZone, driving consistent consumer traffic to the market
DAYTON MSA LOCATION & REGIONAL ECONOMIC ANCHORS
- ?Located within the Dayton MSA (800K+ population), supported by major employers including Wright-Patterson Air Force Base, Premier Health, and a diversified advanced manufacturing base, providing durable economic demand drivers
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- 2,360 SF
- -
- Dec 2031
Chase traces its roots to the late 1700s through the Bank of the Manhattan Company, and the Chase name later grew through the 1877 founding of Chase National Bank and the 1955 merger that formed Chase Manhattan Bank. The modern business sits within JPMorganChase, which formed in 2000 from the merger of J.P. Morgan & Co. and Chase Manhattan Company. Chase offers personal and business banking, credit cards, home loans, auto financing, investing, retirement planning, and commercial banking services through a broad consumer and institutional platform. JPMorganChase positions Chase and J.P. Morgan as complementary brands serving consumers, small businesses, corporate clients, and government clients in the United States and internationally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | 2,360 SF | - | Dec 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | D08057876 | Improvements Assessment | $134,890 |
| Land Assessment | $137,800 | Total Assessment | $272,690 |
Property Taxes
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
