Chase Bank - Troy, MI_Property for Sale
Chase Bank - Troy, MI_Property for Sale
260 John R Rd, Troy, MI, 48083, US

Chase Bank - Troy, MI

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Chase Bank located at 260 John R Road in Troy, Michigan (“Property” or “Asset”).

This Asset features an investment grade corporate guaranty from JPMorgan Chase Bank (S&P: ‘A-’) and is operating on a 50-year absolute triple net lease with zero landlord responsibilities and one, five-year renewal option. Notably, the Tenant reported $233.5M in deposits in 2022, which represents an outstanding 51% deposit growth since 2017.

Located 20 miles northeast of downtown Detroit, the Property is positioned in a highly affluent city with access to over 300,000 residents in a five-mile radius. This Chase Bank branch sits as an outparcel to Oakland Plaza, a big box shopping center that drives approximately 1.5 million visits annually. Adjacent is Oakland Mall, a super-regional shopping center boasting 1.5 million square feet of retail space that drives 4.1 million visits annually. Oakland Mall is the #3 most visited shopping mall locally with anchors including Macy’s, JCPenney, Dick’s Sporting Goods, At Home, and Hobby Lobby.

This rare opportunity allows investors the ability to acquire a high performing bank branch located in a fundamentally strong and affluent Detroit suburb. The asset offers secure, long-term cash flow backed by one of the world’s largest financial institutions. 



Building area net
307 m²
Year built
Cap rate
Asking price


Investment Highlights

  • 100% corporate guaranteed by JPMorgan Chase Bank, which operates 4,790+ bank branches and boasts an outstanding investment grade credit rating (S&P: A-).
  • Initially constructed in 1978, JPMorgan Chase has a proven commitment to the site with 45+ years of operating history with over $233M in deposits.
  • 4.4 years of absolute NNN lease term, zero landlord responsibilities, and one, five-year renewal option offers secure long-term cash flow.
  • Ideally positioned along a high trafficked roadway of 87,000+ VPD with access to 300,000 residents in a 5-mile radius.
  • Highly affluent resident-base that earns $108,000 in average household income in a 5-mile radius.
Chase Bank - Troy, MI 4_Property for Sale
Chase Bank - Troy, MI 4_Property for Sale

Contact brokers

Chase Bank - Troy, MI (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
21 Mar 2024