Chase Bank

New York, New York

NNN Pro Group is pleased to present the exclusive listing for a brand-new Chase Bank located at 1295 Madison Avenue on the Upper East Side of Manhattan. The site consists of roughly 3,002 rentable square feet of building space on estimated 0.14-acre parcel of land. This Chase Bank is subject to a new 15-year triple-net (NNN) lease, which commences March 15, 2023. The current annual rent is $616,500 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year renewal options.

About the Investment:

✓ Brand New, 15-Year Triple Net (NNN) Lease
✓ Over 15 Years of Term Remaining
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Two (2), Five (5)-Year Tenant Renewal Options