Description

1609 E 30th Ave is a Chase retail investment at 1609 East 30th Avenue in Hutchinson, KS. The 2026 building is subject to a 15-year corporate ground lease signed by JPMorgan Chase Bank, N.A., giving buyers a defined tenant and lease structure.

The 3,322 SF building sits on 0.88 acres with 28 parking spaces, a drive-thru and a drive-up ATM. Those features support the branch’s customer-facing operation and distinguish the site from a conventional retail pad. The lease calls for 10% rent increases every 5 years during the base term and includes six, 5-year extension options with matching increases. Chase carries an S&P AA- credit rating, an important part of the income story for a long-term holder.

The Property has direct ingress and egress from E 30th Avenue, where traffic is 14,975 vehicles per day. Across the street, the Dillons Marketplace ranks first nationwide among Dillons locations for annual visits, with 1.8 million visits over the past 12 months. That neighboring trip activity puts the branch alongside an established retail destination. Downtown Hutchinson is 4 miles away, while Wichita is 50 miles away.

The asking price is $1,596,000, with $75,000 in net operating income and a 4.70% cap rate. Under the ground lease, the tenant is responsible for common area maintenance, property taxes, insurance, utilities, HVAC, repairs and maintenance, and the roof and structure. That allocation, together with scheduled rent increases, defines the ownership proposition without relying on a change in use or a new leasing plan. Review the Offering Memorandum in the Offering Materials for the full investment presentation.