Chase Bank - Rockford, IL (N Main) | 3699 N Main St
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Chase Bank - Rockford, IL (N Main) 3699 N Main St
5,000 SF Retail Building Rockford, IL 61103 £1,293,858 (£259/SF) 6% Net Initial Yield
Investment Highlights
- JP Morgan Chase Bank Has Operated at This Location For 59 Years, Demonstrating Commitment to This Site
- Industry Leading Brand: Chase Bank Ranks #1 For All Banks in the US (Forbes)
- Attractive Price Point:This Offering is Priced Below Many Other Single-Tenant Net Lease Chase Bank Properties
- Investment Grade Tenant: Corporate Lease to JP Morgan Chase, a Publicy Traded Company (NYSE: “JPM”), Rated “A+” By S&P
- Exceptional Visibility: Signalized Hard Corner Location
- Outparcel to a Strip Center and Located Directly Across From National Tenants Subway and McDonald's
Executive Summary
Sands Investment Group is Pleased to Offer For Sale the 7,972 SF Chase Bank Located at 3699 North Main Street in Rockford, IL. This Offering Has Been a Chase Bank Since 1965, Priced Below Many Other Single-Tenant Net Lease Chase Bank Properties, Providing Investors With a Lower Entry Cost and Making the Asset More Accessible Without Requiring Debt, Providing For a Secure Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built
1965
Price
£1,293,858
Price Per SF
£259
Net Initial Yield
6%
NOI
£77,631
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.63 AC
Zoning
C2 - Commercial
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Chase Bank
- Administrative and Support Services
- 3,500 SF
- £22.18
- Dec 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Chase Bank | Administrative and Support Services | 3,500 SF | £22.18 | Dec 2027 |
PROPERTY TAXES
| Parcel Number | 11-01-305-023 | Improvements Assessment | £63,358 |
| Land Assessment | £28,108 | Total Assessment | £91,465 |
PROPERTY TAXES
Parcel Number
11-01-305-023
Land Assessment
£28,108
Improvements Assessment
£63,358
Total Assessment
£91,465
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Shawn Behrouz -
Adam Scherr -
Tyler McGarry -
Sands Investment Group Santa Monica, LLC
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Chase Bank - Rockford, IL (N Main) | 3699 N Main St
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