Chase Bank NNN Property For Sale — Gardena, CA
This rarely available Chase Bank property presents an outstanding investment opportunity in Gardena, CA, situated in Los Angeles County's prime South Bay retail market. The asset features a brand-new 15-year absolute NNN corporate-guaranteed ground lease with JP Morgan Chase, N.A., benefiting from 10% rental increases every five years throughout the initial term and all four five-year option periods. Positioned on a prominent hard corner along Redondo Beach Blvd, directly across from a Vons-anchored shopping center, the location ensures high visibility and steady customer traffic. This newly constructed property, completed in 2013, includes two drive-thru lanes and prominent street signage, eliminating landlord management responsibilities as the tenant directly covers all expenses. The su…
- Asking price $8.12M
- 4.25% cap rate
- NOI $345,015
- 15 years remaining
- NNN lease
Asset type: Retail - Free Standing