INVESTMENT OFFERING
SAB Capital is pleased to present Chase Bank in Matteson, IL, a suburb of Chicago. This is an absolute triple net (NNN) ground lease with zero landlord responsibilities. The site sits at a signalized intersection on Lincoln Highway, a major thoroughfare in the area seeing over 40,000 vehicles per day.
- Chase Bank in Matteson, IL | 25 Miles South of Downtown Chicago
- Absolute Triple Net Ground Lease (NNN) | Zero Landlord Responsibilities
- Long-Term Lease in Place | Over 15.5 Years Remaining
- Strong Corporate Guaranty From JP Morgan Chase Bank | Rated “A+” by Standard and Poors
- Attractive Rent Increases | 10% Increases Every 5 Years
- Over $184M in 2021 Deposits | Highest Market Share Within the Zip Code (34%)
- Robust Foot Traffic Statistics | 92nd Percentile of Visits Among 3,035 Chase Banks Being Monitored
- Signalized Hard Corner Location | 40,000+ Vehicles Per Day (VPD)
- Extremely Dense Trade Area | Over 2.4M Square Feet of Existing Retail Space Within 1 Mile of the Subject
- National Retailers Located Nearby : KFC, Dairy Queen, Burger King, Five Guys, Panera Bread, Olive Garden, Firestone, PetSmart, Dollar Tree and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Chase Bank | $5,200,000 | 4.20% | Absolute NNN Ground Lease | 4,335 | Closed |
