Chase Bank – Single Tenant Absolute NNN Corporate Ground Lease

16767 Torrence Avenue, Lansing, IL
Price $2,669,903
Cap Rate 5.15%

For More Information

Spencer O’Donnell
714-400-6267

Property Description

  • Corporate Absolute NNN Lease – 6.5+ Years Remaining

    – Ground Lease to National Credit Tenant

  • JPMorgan Chase Bank & Co. (NYSE: JPM)

    – S&P Rated “A+” Investment Grade Credit – S&P 100 Component

  • Largest Bank in the Country – $158 Billion in Revenue

    – 309,926 Employees, 4,700 Branches

  • Chicago, IL Suburb

    – Located at Signalized Intersection on Torrence Ave near I-94

    – 30,200 Cars Per Day on Torrence Ave

  • Huge Upside Through Rent Growth

    – 10% Increase in Less than 2 Years (Jan 2026)

  • Phenomenal Demographics

    – Population of 240,417 in a 5-Mile Radius

    – 361,762 Daytime Employees in a 20-Min Drive

  • Neighboring National Retailers include ALDI, The Home Depot, Walmart Supercenter, Planet Fitness, Family Dollar, Olive Garden, Dunkin’, Wendy’s, Firestone and others.

  • Legacy Coupon Clipper Asset – Premier Pride of Ownership

    – Zero Management Expenses

  • Major Retail Intersection – Excellent Access, Multiple Curb Cuts

  • Drive-Thru Location – Cross-Traffic Draw with Nearby Major National Retailers

Area Demographics

Radius
Population 2024
Median HH Income
Average HH Income
1 miles
6,003
$58,262
$77,474
3 miles
114,388
$66,597
$87,313
5 miles
240,082
$65,940
$86,978