Long Beach, CA - Chase Bank 669 E Artesia Blvd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, drive-thru equipped, Chase Bank investment property located in Long Beach, CA (Los Angeles MSA). The tenant, JPMorgan Chase Bank, N.A. (S&P: A+), has over 5 years remaining on their current lease with 4 (5-year) and 1 (4-year, 11-month) option to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an investor seeking passive income.