Chase Bank

Chase Bank

St Louis, MO

St Louis, MO

Chase Bank

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Chase Bank in St. Louis, MO. The property consists of a 3,288-square-foot, freestanding building that sits on approximately 0.33 acres of land. There are 12.7 years remaining on the lease with 10% rental increases every five years. Broker of Record David Saverin 7800 Forsyth Blvd., Ste. 710 St. Louis, MO 63105 (314) 889-2500 David.Saverin@marcusmillichap.com Lic #: 2008013520

Price $1,540,000
Cap Rate 4.75%
Building Size 3,288 sqft
Lot Size 0.33 acres
Year Built 2023
Offering Memorandum

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • New Development Chase Bank – Corporate Ground Lease with 12.7 Years Remaining & 10% Rental Escalations Every Five Years
  • Signalized Hard Corner on Chippewa Street (16,381 VPD) in Established St. Louis Corridor
  • Below-Market Rent and Low Price-Point Compared to Other Chase Banks Nationally
  • Investment-Grade National Credit Tenant
  • Adjacent to Hampton Village Shopping Center (Anchored by Target, Schnucks, Ross Dress for Less)
  • Prime St. Louis MSA Location – 2.8 Million Residents & 1.4 Million-Strong Workforce
  • Dense & Affluent Demographics – 372,418 Residents, $100,830 Avg. HH Income, 458,999 Daytime Population

Ryan Wolf

Managing Director
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Luke Sullivan

Associate
(972) 755-5198
Luke.Sullivan@marcusmillichap.com
License: TX 790739

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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