Chase Bank
Springfield, MO
Key Details
| Price: | $2,680,412 |
|---|---|
| Cap Rate: | 4.85% |
| Annual Rent: | $130,000 |
| Address: | 2237 East Sunshine Street, Springfield, Missouri 65804 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/24/2025 |
| Lease Expiration: | 6/30/2040 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.71 Acres |
| Building Size: | 2,914 SF |
| Year Built: | 1990 |
| Year Renovated: | 2025 |
NNN Pro is pleased to present the exclusive listing for a Chase Bank located at 2237 East Sunshine Street, Springfield, Missouri 65804. The site consists of roughly 2914 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Chase Bank is subject to a 15-year Ground lease, which commenced 6/24/2025. The current annual rent is $130,000 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- Brand-New 15-Year Ground Lease with JPMorgan Chase | The property offers a new Absolute NNN ground lease with JPMorgan Chase, one of the world’s leading financial institutions. Signed in August 2024, the lease supports the redevelopment of a state-of-the-art bank branch, showcasing JPMorgan Chase’s commitment to the location.
- Passive Net-Leased Investment | This property offers a brand-new 15-year Absolute NNN ground lease, providing investors with long-term, passive cash flow and zero landlord responsibilities. The lease structure ensures consistent income with minimal management obligations, making it an ideal choice for those seeking a truly hands-off investment.
- Full Corporate Guarantee from the Nation’s Largest Bank | This investment benefits from a full corporate guarantee by JPMorgan Chase, the nation’s largest bank with $154.9 billion in revenue and $3.9 trillion in assets. As a globally recognized financial leader, JPMorgan Chase provides unparalleled financial stability and credibility to this opportunity.
- Investment Backed by Strong Credit Ratings | This property is secured by a tenant with exceptional credit ratings, including an Aa2 rating from Moody's and an A+ rating from S&P. These high ratings reflect the tenant's financial strength, stability, and low risk, making this investment a reliable
Key Details
| Price: | $2,680,412 |
|---|---|
| Cap Rate: | 4.85% |
| Annual Rent: | $130,000 |
| Address: | 2237 East Sunshine Street, Springfield, Missouri 65804 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 6/24/2025 |
| Lease Expiration: | 6/30/2040 |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.71 Acres |
| Building Size: | 2,914 SF |
| Year Built: | 1990 |
| Year Renovated: | 2025 |
Talk to the Pros
Cade Kearn
ckearn@nnnpro.com
License: NY: 10401306065
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-Missouri, Inc
License: 2017032771
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.