Manassas, VA - Chase Bank

Description:

• Brand new 15-year ground lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is signed by Chase Bank, National Association, an established bank and an investment grade tenant (S&P: A+)
• The ground lease features 10% rental increases every 5 years and at the beginning of each option period
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• Investor benefits from fee-simple ownership of the land
• No landlord responsibilities

• Chase Bank is positioned as an outparcel to 100,000+ SF Signal Hill Shopping Center, anchored by Fresh World Grocery and home to Chick-fil-A, Panera Bread, Glory Days Grill, Checkers, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for this site
• Liberia Avenue has become a dense convenience retail destination corridor with best in class users including Wawa, Chipotle, and a brand new Raising Canes
• Chase Bank is strategically located at the signalized, hard corner intersection of Liberia Avenue and Spring Hill Road, averaging nearly 50,000 combined vehicles passing by daily
• The asset is equipped with a two-lane drive-thru, providing ease and convenience for customers
• Subject property benefits from significant street frontage along Liberia Avenue and Signal Hill Road
• Manassas is a growing Northern VA community and the County Seat of Prince William County. It’s located 20 miles from the Dulles International Airport and is part of the Washington D.C. MSA
• More than 157,000 residents and 58,500 employees support the trade area
• Features an average household income of $146,206