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NNN Freestanding Chase Bank | Holland, MI 635 E 8th St 3,670 SF Retail Building Holland, MI 49423 $1,641,000 ($447.14/SF) 6% Cap Rate
Investment Highlights
- PROVEN RETAIL CORRIDOR | DIRECT ACCESS TO US-31
- INVESTMENT-GRADE CORPORATE CREDIT (S&P: AA-)
- HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
Executive Summary
INVESTMENT-GRADE CORPORATE CREDIT (S&P: AA-)
- ?Lease guaranteed by JPMorgan Chase, the largest U.S. bank with a global platform and strong balance sheet
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- ?The Chase Bank branch reports approximately $160 million in deposits, positioning it as a strong-performing location within the regional network
STRONG FOOT TRAFFIC AT LOCATION
- ?This location ranks in the top 15% of all Chase branches nationally by foot traffic (Placer.ai), demonstrating strong deposit activity and long-term strategic importance
HIGH-INCOME LAKESHORE MARKET | $100K+ AHHI
- ?Affluent West Michigan trade area supported by a combination of permanent residents, second-home ownership, and seasonal tourism demand
PROVEN RETAIL CORRIDOR | DIRECT ACCESS TO US-31
- ?Positioned along East 8th Street with immediate connectivity to US-31 (41,000+ VPD), the primary north-south artery serving the region
DIVERSE ECONOMIC BASE | MANUFACTURING + TOURISM
- ?Supported by major employers including MillerKnoll, Gentex, and Haworth, alongside a strong tourism economy tied to Lake Michigan and downtown Holland
- ?Lease guaranteed by JPMorgan Chase, the largest U.S. bank with a global platform and strong balance sheet
HIGH-DEPOSIT BRANCH | $160 MILLION IN DEPOSITS
- ?The Chase Bank branch reports approximately $160 million in deposits, positioning it as a strong-performing location within the regional network
STRONG FOOT TRAFFIC AT LOCATION
- ?This location ranks in the top 15% of all Chase branches nationally by foot traffic (Placer.ai), demonstrating strong deposit activity and long-term strategic importance
HIGH-INCOME LAKESHORE MARKET | $100K+ AHHI
- ?Affluent West Michigan trade area supported by a combination of permanent residents, second-home ownership, and seasonal tourism demand
PROVEN RETAIL CORRIDOR | DIRECT ACCESS TO US-31
- ?Positioned along East 8th Street with immediate connectivity to US-31 (41,000+ VPD), the primary north-south artery serving the region
DIVERSE ECONOMIC BASE | MANUFACTURING + TOURISM
- ?Supported by major employers including MillerKnoll, Gentex, and Haworth, alongside a strong tourism economy tied to Lake Michigan and downtown Holland
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,670 SF
Building Class
C
Year Built
1960
Price
$1,641,000
Price Per SF
$447.14
Cap Rate
6%
NOI
$98,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.61 AC
Zoning
B-1
Parking
30 Spaces (8.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- 3,670 SF
- -
- Apr 2030
JPMorganChase traces its roots to a bank founded in 1799 and later grew through major mergers involving Chase Manhattan Bank and J.P. Morgan & Co. The company now operates across consumer and community banking, commercial banking, corporate and investment banking, and asset and wealth management. Chase serves millions of customers, small businesses, and institutional clients, with a broad presence in the United States and in global markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | 3,670 SF | - | Apr 2030 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-16-28-298-019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $437,400 |
Property Taxes
Parcel Number
70-16-28-298-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$437,400
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
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