Chase Bank

Tenant Description

JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York. It has 5,000+ bank branches in 25+ states and is also among the nation’s top mortgage lenders and credit card issuers.

It operates as a financial services company, and currently sits as the largest financial institution in the United States with approximately $2.5+ trillion in assets. It operates through four business segments in 60+ Countries: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management.

What To Look For When Buying A Chase Bank

What are the total deposits at this location? Many think that physical bank branches are being strongly effected by online banking. You can look up any individual bank branch deposits at the FDIC website

https://www5.fdic.gov/sod/sodInstBranch.asp?barItem=1

What We Like About Chase Bank

Strong Corporate Guarantee, Rental Increases In Primary Lease Term, Infill Real Estate, Brand Recognition

Competition

Wells Fargo, Citibank, SunTrust

Chase Website

https://www.chase.com/

Corporate Office Location

383 Madison Avenue – New York City, New York

Fast Facts

Originally known as Chase Manhattan Bank, it was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. It continued to be known Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. In 2008, Chase acquired the deposits and most of the assets of Washington Mutual.

As of January 2019 JPMorgan Chase & Co. employs 250,000+ people

As of January 2019 JPMorgan Chase & Co. hold assets in excess of $2.5 Trillion

Stock Price
Tenant News
Average Cap Rate Trend
5.00%
2019
4.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$4,250,000
Average Annual Rental Income$195,000
Average Price/ SF$1000/SF
Typical Lease TypeGround Lease
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PA- Stable
Moody'sA3 Stable

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