Depreciable Chase Bank | Chestnut Hill 8527 Germantown Ave 4,575 SF Retail Building Philadelphia, PA 19118 $4,200,000 ($918.03/SF) 5% Cap Rate

Equity CRE is pleased to exclusively offer for sale a single-tenant, net-leased Chase Bank branch on a signalized intersection in the Chestnut Hill neighborhood of Philadelphia, PA. Chase Bank will be operating under a brand new 15-year lease with two (2), 5-year extension options. This is being offered on a fee simple basis and features a modified NNN lease, with landlord responsible for maintaining the roof & structure – providing an investor with mostly passive income.
The lease is backed by a corporate guarantee from Chase Bank, one of the largest and most influential financial institutions in the world, offering investors a top guarantee available on the market. Headquartered in New York City, the bank operates over 4,700 branches & 15,000 ATMs nationwide and has over $3 trillion in assets.
Located about 8.5 miles northwest of center city Philadelphia, the Chestnut Hill neighborhood is one of the city’s most affluent neighborhoods with roughly 11,326 people and an average household income of $187,748 within a 1-mile radius. Germantown Ave is one of the primary corridors not only through the neighborhood, but through the city and suburbs, ranging from the suburban town of Collegeville, PA through Plymouth Meeting and ending in the Northern Liberties neighborhood of Philadelphia along the Delaware River. The neighborhood is known mostly for its walkability and local boutique shops, with notable retailers ranging from Children of America, Bank of America, Citizens Bank, Starbucks and others. Chestnut Hill is also home to two Septa Regional Rail lines/stations – Chestnut Hill East & West, both of which taking passengers into the city – and the Septa Chestnut Hill Bus Loop, a depot for busses running along Germantown Ave.