Investment Overview
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.
Investment 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
- Staggering Revenues: $182.4 billion in FY 2025
- Global Financial Leader: $4.4 trillion in assets under management (as of December 31, 2025)
- Brand Recognition: Named in the Top 10 Most Admired Companies for 9 consecutive years by Fortune Magazine
- Regional Retail & Service Hub: Hutchinson serves a regional population of approximately 85,000, drawing consumers from throughout South-Central Kansas for shopping, dining, healthcare and entertainment
- Chase Expansion Validates Market Viability: Chase’s new construction branch represents a significant investment by one of the nation’s largest financial institutions and demonstrates confidence in Hutchinson’s long-term commercial viability
- Established Economic Base: The trade area benefits from a diversified employment base led by healthcare, education, manufacturing, government and food production, including Hutchinson Regional Healthcare System, Hutchinson Community College, and Tyson Prepared Foods