8875 Broad St SW - Bank FOR SALE


Pataskala, OH 43062
$1,375,000 USD
216-292-7006
8875 Broad St SW, Pataskala, OH for Sale
$1,375,000 USD
Bank - FOR SALE
1/5
null | 4% Cap Rate

8875 Broad St SW
Pataskala, OH 43062


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Ground Lease with 17 Years Remaining - Extremely Low Ground Rent
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by JPMorganChase (NYSE: JPM) - S&P Credit Rating: A/A-1
  • New High-Quality 2023 Construction with a Drive-Thru ATM
  • Situated in the Columbus MSA with 30,851 Residents in the Surrounding Area
  • Excellent Frontage Along Broad Street SW, Easily Accessible by 21,090+ Cars per Day

OVERVIEW

Chase serves millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans, and payment processing. Chase is available to consumers through over 4,700 retail branch locations, 15,000 ATMs, or online at chase.com or the Chase Mobile app. Pataskala is a city in Licking County, Ohio, roughly 19 miles east of Columbus. The city spans nearly 30 square miles and is served by two state routes running east and west.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

025-069336-00.007

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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