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Chase Bank

Fishers, Indiana

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NNN Pro Group is pleased to present the exclusive listing for a brand-new Chase Bank located at 11610 Olio Road, Fishers, Indiana. The site consists of roughly 4,173 rentable square feet of building space on estimated 0.88-acre parcel of land. This Chase Bank is subject to an original 25-year triple-net (NNN) ground lease, which commenced May 9, 2007. The current annual rent is $183,013 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 3, 10-year renewal options.

✓ Original 25-Year Triple Net (NNN) Ground Lease
✓ Approximately 9 Years of Term Remaining
✓ Ten Percent (10%) Rental Increases Occurring Every Five (5) Years
✓ Three (3), Ten (10)-Year Tenant Renewal Options
✓ Over $203M in Branch Deposits Reported in 2023

Key Details

Price:
$3,553,650
Cap Rate:
5.15%
Annual Rent:
$183,013
Address:
11610 Olio Road, Fishers, Indiana 46037
Property Type:
Retail
Lease Type:
Triple-Net (NNN)

Original Lease Term:
25 Years
Lease Commencement:
May 9, 2007
Lease Expiration:
May 31, 2032
Lease Term Remaining:
9 Years
Rental Increases:
10% Every 5 Years
Lot Size:
.88 Acres
Building Size:
4,173 SF
Year Built:
2007
Tenant:
Chase Bank

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony Bird

License: 10401306066

Broker of record

Brian Brockman

Bang Realty, Inc.

License: RB14037939


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