Description

Offered for sale is a ground lease property occupied by Chase Bank in St. Louis, MO. This 3,288-square-foot freestanding building sits on approximately 0.33 acres and has 12.7 years remaining on the corporate ground lease, with 10% rental escalations every five years. Located on a signalized hard corner along Chippewa Street, the site sees traffic counts of 16,381 vehicles per day and is situated within an established St. Louis corridor. The property offers below-market rent compared to other Chase Bank locations nationwide and features an investment-grade national credit tenant. Positioned adjacent to Hampton Village Shopping Center, anchored by Target, Schnucks, and Ross Dress for Less, the property benefits from a prime St. Louis MSA location with 2.8 million residents and a 1.4 million-strong workforce, supported by dense, affluent demographics including 372,418 residents, an average household income of $100,830, and a daytime population of 458,999.