1609 E 30th Ave - Retail FOR SALE


Hutchinson, KS 67502
$1,596,000 USD
650-678-7200
1609 E 30th Ave, Hutchinson, KS for Sale
$1,596,000 USD
Retail - FOR SALE
1/3
null | 4.7% Cap Rate

1609 E 30th Ave
Hutchinson, KS 67502


HIGHLIGHTS

  • Strong Lease Fundamentals: 15-year corporate ground lease featuring 10% rental increases every 5 years
  • Brand-New Building: 2026 construction with drive-thru
  • Ideal Location: Directly across from #1 ranked Dillons location nationwide (per Placer.ai)
  • Seamless Access: Direct ingress/egress from E 30th Avenue – ~15,000 VPD
  • Best-In-Class Tenant: Lease signed by JPMorgan Chase Bank, N.A. (see below)
  • Investment-Grade Credit: Chase features an investment-grade credit rating of AA- from S&P

OVERVIEW

Brand-new 15-year corporate ground lease at an extremely low rent for a new construction Chase building. The lease features 10% rental increases every 5 years throughout the base term and six, 5-year extension options at matching increases. The entity on the lease is JPMorgan Chase Bank N.A., which features an investment-grade credit rating of AA- from S&P and generated over $182 billion in total revenue in FY 2025.

FOR SALE DETAILS

PRICE

$1,596,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

4.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

133-05-0-20-01-005.00

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.