| Purchase Price | $3,750,000 |
|---|---|
| Annual Rental Income | $181,875 |
| Cap Rate | 4.85% |
| Lease Term | 20 Years |
| City | Salt Lake City MSA |
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Chase Bank Net Lease Investment – Salt Lake City MSA
Single-Tenant Absolute NNN Investment in a Premier Western Growth Market
This offering represents a unique opportunity to acquire a single-tenant Chase Bank property located within the Salt Lake City, Utah metropolitan statistical area (MSA), one of the most economically vibrant and demographically robust markets in the Mountain West region. The asset is secured by a long-term absolute triple-net lease with a leading global financial institution and offers investors a rare combination of institutional-grade credit, zero management responsibilities, and long-term income stability in a tax-friendly, pro-business state.
The property is positioned in a highly desirable retail and commercial corridor, benefiting from strong co-tenancy, high daily traffic volumes, and excellent accessibility. Surrounded by dense residential neighborhoods, retail centers, and professional offices, the site provides strong long-term viability and tenant performance potential. Utah’s sustained population growth, diversified economy, and business-friendly regulatory climate further strengthen the investment appeal of this asset.
Tenant Overview – JPMorgan Chase Bank, N.A.
JPMorgan Chase Bank, N.A. is the consumer and commercial banking subsidiary of JPMorgan Chase & Co., the largest U.S. bank by assets and one of the world’s most respected financial institutions. With a presence in over 100 countries and total assets exceeding $3 trillion, Chase maintains an AA- credit rating from S&P and consistently ranks among the most stable and profitable banking organizations globally.
Chase Bank operates thousands of branches across the United States, offering personal banking, small business services, mortgages, credit products, and investment management. In recent years, the bank has strategically invested in expanding and upgrading its branch footprint, focusing on locations that blend strong demographic profiles, long-term growth potential, and retail synergy.
Utah has been a core focus of this strategy due to its population growth, highly educated workforce, and concentration of affluent households and small businesses. Chase locations in this region are designed to support both in-person banking and digital-first customer experiences, reflecting the bank’s dual-channel commitment to high-touch service and tech-forward convenience.
Salt Lake City MSA – One of the West’s Strongest and Fastest-Growing Markets
The Salt Lake City MSA anchors Utah’s economic engine and is consistently ranked as one of the top-performing metros in the U.S. by metrics such as job growth, GDP expansion, and net migration. Home to over 1.2 million people, the region benefits from a highly diversified economy that includes finance, technology, healthcare, logistics, and advanced manufacturing. Major employers in the area include Intermountain Healthcare, University of Utah, Adobe, Goldman Sachs, and Zions Bank.
Salt Lake City is also a strategic hub for tech companies and venture-backed startups, often referred to as part of “Silicon Slopes.” Its affordability, access to world-class outdoor amenities, and robust infrastructure continue to attract new businesses and residents at a steady pace. Utah’s population has grown faster than any other U.S. state over the past decade, creating strong demand for consumer services and financial institutions.
This Chase location is situated within a dense and expanding suburban corridor supported by a growing base of residential housing, high-income households, national retailers, and professional service users. The area is marked by sustained commercial development, top-rated schools, and connectivity to major interstates and transit corridors—making it an ideal site for a flagship financial institution.
Absolute Triple-Net Lease – Passive, Predictable, Credit-Backed Income
The lease is structured as an absolute triple-net (NNN) agreement, with the tenant responsible for all property operating expenses including taxes, insurance, and maintenance. This fully passive lease structure ensures consistent and predictable income for the investor, requiring no landlord involvement or management oversight.
The asset’s tenancy by a top-tier banking institution provides a level of credit quality rarely found in the net lease market. Chase Bank’s balance sheet strength, global operations, and continued reinvestment in brick-and-mortar infrastructure make it an ideal tenant for investors focused on long-term income security and principal preservation.
Whether for 1031 exchange placement, estate planning, or institutional portfolio allocation, this Chase Bank property meets the highest standards of income stability, lease quality, and tenant creditworthiness.
Strategic Commercial Location with High Visibility and Retail Synergy
The property is ideally positioned within a primary suburban commercial corridor in the Salt Lake City MSA. The site benefits from high visibility, full access, and close proximity to a dense cluster of national retailers, medical offices, and community services. The location attracts both destination visits and drive-by traffic, offering daily exposure to a steady stream of residential commuters and business clientele.
Surrounding tenants in the immediate trade area include a mix of essential service brands such as grocery stores, drugstores, fuel stations, fast casual restaurants, and medical providers. The area also includes banks, auto services, and educational institutions—creating a synergy that supports high foot traffic and customer engagement throughout the week.
The surrounding residential neighborhoods feature strong household incomes, low vacancy rates, and steady new housing development, reinforcing the trade area’s long-term demand profile. Chase’s location at a hard corner or signalized intersection further enhances visibility and brand dominance in this growing corridor.
Utah – Business-Friendly Climate with Strong Real Estate Fundamentals
Utah consistently ranks as one of the most business-friendly states in the nation, with low corporate taxes, streamlined development policies, and a strong regulatory framework that favors long-term investment. The state has no estate tax, a low flat income tax, and one of the best-run fiscal systems in the U.S., resulting in consistent AAA bond ratings.
Salt Lake City benefits from low unemployment, a growing labor force, and high rates of entrepreneurship. Real estate fundamentals remain strong, with high demand across residential, retail, and industrial sectors. This environment makes Utah a preferred target for institutional capital and private investors seeking asset appreciation, lease stability, and regulatory predictability.
Net lease assets in Utah—especially those backed by investment-grade tenants in banking, healthcare, and QSR sectors—have become increasingly difficult to source, and competition among 1031 buyers and private equity groups continues to compress cap rates on well-located, credit-backed deals.
Demographics and Market Demand Drivers
Chase Bank’s comprehensive service offerings, digital integration, and brand loyalty make it an essential-use tenant for both individual and business customers. The property’s location in an established and expanding submarket provides a strong foundation for long-term tenant success and income durability.
Investment Highlights
Conclusion
This Chase Bank net lease offering in the Salt Lake City MSA provides investors with the rare opportunity to secure fully passive, long-term income backed by one of the most financially stable institutions in the world. The combination of credit-grade tenancy, absolute NNN lease structure, and prime location in one of the West’s fastest-growing markets makes this an exceptional asset for risk-conscious investors.
With limited new supply, increasing institutional demand, and continued population growth across the region, this asset offers lasting value, security, and performance in a tax-efficient state with national investment appeal.