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NNN Freestanding Chase Bank | Saginaw, MI 4144 Bay Rd 2,448 SF Retail Building Saginaw, MI 48603 $1,154,583 ($471.64/SF) 6% Cap Rate
Investment Highlights
- DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- TOP 15% PERFORMING LOCATION NATIONWIDE
- LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
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
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- ?The Chase Bank branch reports approximately $160 million in deposits, reflecting deep customer engagement, consistent transaction volume, and a well-established presence within the Saginaw trade area
ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES
- ?True passive investment structure with no landlord obligations, providing consistent and predictable cash flow
TOP 15% PERFORMING LOCATION NATIONWIDE
- ?This branch ranks in the top 15% of all Chase locations by customer visits (Placer.ai), highlighting strong deposit activity and long-term strategic importance
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- ?In-place rent is modest relative to national branch economics, creating a highly sustainable occupancy cost structure that supports long-term renewal probability and continued site profitability
DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- ?Surrounded by a critical mass of national retailers, grocery anchors, and service users that drive consistent daily traffic and support long-term site viability
- ?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
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- ?The Chase Bank branch reports approximately $160 million in deposits, reflecting deep customer engagement, consistent transaction volume, and a well-established presence within the Saginaw trade area
ABSOLUTE NNN GROUND LEASE | ZERO LANDLORD RESPONSIBILITIES
- ?True passive investment structure with no landlord obligations, providing consistent and predictable cash flow
TOP 15% PERFORMING LOCATION NATIONWIDE
- ?This branch ranks in the top 15% of all Chase locations by customer visits (Placer.ai), highlighting strong deposit activity and long-term strategic importance
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- ?In-place rent is modest relative to national branch economics, creating a highly sustainable occupancy cost structure that supports long-term renewal probability and continued site profitability
DENSE RETAIL TRADE AREA | 3M+ SF WITHIN 1 MILE
- ?Surrounded by a critical mass of national retailers, grocery anchors, and service users that drive consistent daily traffic and support long-term site viability
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,448 SF
Building Class
B
Year Built
1976
Price
$1,154,583
Price Per SF
$471.64
Cap Rate
6%
NOI
$69,275
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.38 AC
Zoning
Commercial
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
195’ on Bay Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 2,448 SF
- -
- Triple Net
- Feb 2021
Chase traces its roots to predecessor institutions founded in 1799 and later became Chase Manhattan Bank through a 1955 merger, before joining with J.P. Morgan & Co. in 2000 to form the current banking business. The company serves as the U.S. consumer and commercial banking business of JPMorgan Chase and offers checking and savings accounts, credit cards, home loans, auto financing, and digital banking services. Chase also provides investing and wealth management offerings through J.P. Morgan, alongside commercial banking and corporate and investment banking activities that support households, businesses, and institutional clients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 2,448 SF | - | Triple Net | Feb 2021 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 23-12-4-02-3004-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $362,000 |
Property Taxes
Parcel Number
23-12-4-02-3004-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$362,000
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
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