Lowest Cap Rate
4.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.35%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.02%
Average Cap Rate over previous quarter
Overview
Chase Bank is currently the largest financial institution in the United States in terms of assets, with over $2.67 trillion. Due to their typically excellent credit rating, the investor demand is extremely high and cap rates are among the lowest of any tenant. Along with Chase's credit rating, the leases are typically desirable, with 20 year ground leases with no landlord responsibilities and feature rental increases every 5 years through the initial term.
Property & Lease
Sales Price Range$3,000,000 - $5,500,000
NOI Range$125,000 - $225,000
Building SF4,000
Lease Term20 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:JPM
Credit Rating
S&PA-
Moody'sAa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.38
4.66
5.10
5.39
5.29
5.28
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Cypress, TX5.41%
Nanuet, NY6.52%
River Edge, NJ6.00%
Top Consumer Traffic
San Luis, AZ589,300
Houston, TX511,100
Inglewood, CA505,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
