Chase

$1,596,000

1609 East 30th Avenue, Hutchinson, KS 67502

For Sale

Retail Free Standing

Active

Last Updated: 09/23/2026

Details:

Cap Rate: 4.7%

NOI: $75,000

Building Size: 3,322 sqft

Lot Area: 0.88 acres

Lease Type: Ground

Year Built: 2026

Tenancy: Single

Parking Spots: 28

Highlights:

Strong Lease Fundamentals: 15-year corporate ground lease featuring 10% rental increases every 5 years
Brand-New Building: 2026 construction with drive-thru
Ideal Location: Directly across from #1 ranked Dillons location nationwide (per Placer.ai)
Seamless Access: Direct ingress/egress from E 30th Avenue – ~15,000 VPD
Best-In-Class Tenant: Lease signed by JPMorgan Chase Bank, N.A. (see below)
Investment-Grade Credit: Chase features an investment-grade credit rating of AA- from S&P

Description:

Brand-new 15-year corporate ground lease at an extremely low rent for a new construction Chase building. The lease features 10% rental increases every 5 years throughout the base term and six, 5-year extension options at matching increases. The entity on the lease is JPMorgan Chase Bank N.A., which features an investment-grade credit rating of AA- from S&P and generated over $182 billion in total revenue in FY 2025.