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Chase Bank

New York, New York

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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

Key Details

Cap Rate:
Annual Rent:
1295 Madison Ave, New York, New York 10128
Property Type:
Net Lease Bank
Lease Type:
Triple Net (NNN)

Original Lease Term:
15.6 Years
Lease Commencement:
March 15, 2023
Lease Expiration:
March 31, 2038
Lease Term Remaining:
15.6 Years
Rental Increases:
10% Every 5 Years
Lot Size:
0.14 Acres
Building Size:
3,002 SF
Year Renovated:
Chase Bank

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony Bird

License: 10401306066

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