Chase Bank Closes in Naples, Florida
SIG is pleased to announce the closing of Chase Bank in Naples, Florida.
Investment Highlights Include:
- 100% Leased JP Morgan Chase Bank, One of the Top Leading Worldwide Financial Institutions with Over $2.3 Trillion in Assets
- Absolute NNN Lease Provides Zero Landlord Responsibilities or Maintenance from Landlord Making the Asset Very Easy for In-State or Out-of-State Investor
- Entire Building, Chase Bank Retail Condo and The Inn on 5th Consists of Brand New Development Completed in 2013
- 10% Rent Increases every 5 Years in Initial Term and Including Throughout Options Provide a Strong Hedge Against Inflation
- Year 1 NOI of $303,500 | Year 3 NOI of $333,850
- Corporate Signature Lease with JPMorgan Chase Bank (NYSE: JPM) – S&P Credit Rating ‘A+’
- Located in Naples, Florida – One of the Wealthiest Cities in the Country
- Irreplaceable Downtown Naples Location in the Center of the Most Affluent Shopping and Restaurant District in Town
- 5th Avenue is 99% Occupied with Over 40 National & Regional Credit Tenants on a Waiting List for Space
For More Information Contact:
Andrew Chana
Lic #01896459
310.774.3754
andy@SIGnnn.com
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