Single Tenant Chase Bank with Dual Lane Drive-Thru
Southampton, PA (Philadelphia MSA)
The Opportunity
Summary
- Price: $3,680,000
- Cap Rate: 5.20%
- NOI: $191,500
- Lease Type: NNN Ground Lease
- Building Size: 3,180 SF
- Parcel Size: 1.75 Acres
- Year Built: 2021
- Remaining Lease Term: 10.5+ Years
- Rental Increases: 9.48% on 10/1/2031
- Options: Two (2), Five (5) Year Options & One (1), Four (4) Year Eleven (11) Month Option
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Chase Bank, (the “Property”) in Southampton, Pennsylvania, within the affluent Bucks County. Chase Bank operates on a triple-net (NNN) ground lease which commenced in 2021. The NNN ground lease structure allows for a hands-off, passive form of ownership. Chase Bank's lease has more than 10.5 years remaining, with a scheduled rental increase of 9.48% set for October 2031. The property is primely positioned at the corner of the signalized intersection of Street Road and Knowles Avenue where it benefits from excellent visibility to a combined 34,900 VPD. The property boasts accessibility from both thoroughfares and features a dual lane drive-thru that allows for an easy and efficient customer experience.
Southampton sits in Bucks County, 15 miles northeast of Philadelphia. Bucks County is the 3rd wealthiest county in Pennsylvania and is contained within the Philadelphia MSA, the 9th largest metro area in the United States, home to 6.25 million people. Furthermore, the 5-mile area surrounding the Property exhibits excellent demographics with a population of 212,000 and over 82,000 households. The average household income sits at $144,000 within a 3-mile radius, $134,000 within a 5-mile radius, and $128,000 within a 1-mile radius.
Investment Highlights:
Tenant
Chase Bank
Ownership: PUBLIC (NYSE: JPM)
Credit Rating: AA- (S&P)
Headquarters: NEW YORK, NY
# of Locations: 5,300+
Market Cap: $920.09 BILLION
J.P. Morgan Chase Bank, N.A., doing business as Chase Bank, is a national bank headquartered in Manhattan, New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase & Co. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and The Manhattan Company in 1955. Chase Bank stands as one of the highest rated retail tenants commonly seen in the net lease market. Chase Bank provides a broad range of financial services to almost half of America's households. The bank serves 62 million U.S. households, 4 million small businesses, and is #1 in new primary bank relationships nationally as well as #1 in U.S. credit card issuance based on sales and outstanding balances.
Parent company, JP Morgan Chase & Co., currently sits as the largest financial institution in the United States with approximately $3.9 trillion in assets under management. Chase offers more than 5,300 branches and 15,500 ATMs nationwide. JPMorgan Chase & Co. has over 300,000 employees and operates in more than 100 countries. It is one of the most well-capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2025. JPMorgan Chase has been ranked #1 in investment banking for the past decade with 8.9% of global wallet share as of mid-2025, the best in the industry.
