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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
INVESTMENT-GRADE CORPORATE CREDIT (S&P: AA-)
- ?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
- ?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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,360 SF
Building Class
C
Year Built
1982
Price
$1,272,333
Price Per SF
$539.12
Cap Rate
6%
NOI
$76,340
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
commercial
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
382’ on W Main St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- 2,360 SF
- -
- Dec 2031
Chase traces roots to the Bank of the Manhattan Company, founded in 1799, and the Chase National Bank, founded in 1877, later becoming part of JPMorganChase. The company provides consumer banking, credit cards, mortgages, auto financing, small-business banking, commercial banking, and investing and retirement products. Chase serves customers through digital banking and a broad branch and ATM network across the United States, and operates as a major retail banking arm within JPMorganChase.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | 2,360 SF | - | Dec 2031 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | D08057876 | Improvements Assessment | $134,890 |
| Land Assessment | $137,800 | Total Assessment | $272,690 |
Property Taxes
Parcel Number
D08057876
Land Assessment
$137,800
Improvements Assessment
$134,890
Total Assessment
$272,690
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
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