Description

Chase Bank at 5541 Sashabaw Road offers a single-tenant, absolute-net ground-lease investment in Clarkston, Michigan. The 4,397-square-foot branch is offered at $2,715,240 and is fully occupied by JPMorgan Chase Bank, N.A. under a corporate-backed lease structure.

The tenant completed a 10-year lease extension in June 2024, demonstrating continued commitment to the location. The lease provides approximately 10 years of remaining firm term, 10% rent increases every five years and no landlord operating responsibilities under the absolute NNN ground-lease structure.

Built in 2007, the one-story branch includes a multi-lane drive-thru, prominent pylon signage, 36 parking spaces and approximately 146 feet of frontage along Sashabaw Road. The property is zoned CM General Commercial and occupies a visible corner-oriented position in an established Clarkston retail corridor.

Nearby retailers and restaurants include Kroger, CVS, Wendy’s and McDonald’s. The combination of investment-grade tenancy, scheduled rent growth, long-term occupancy and a passive ground-lease structure makes the property suitable for net-lease and 1031-exchange investors.