Chase Bank (Ground Lease)

160 Brighton Avenue - Long Branch New Jersey 07740

LTV (Loan to Value)	65.00%	Current NOI	$203,280.00
Interest Rate	4.250%	Capital Rate	4.750%
Fixed Term	10 Years	Land Area	1.30 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,778,750.00	Property Type	Retail
Payment	$15,053.55	Property Lease	Bank
Bulding Size	5,240 SF	Remaining Terms	+/- 5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a Chase Bank located at 160 Brighton Avenue, Long Branch, New Jersey.

Highlights

Best-In-Class Corporate Guaranty – Chase Bank had reported revenue of $94.2 billion and Net Worth of $241.4 billion with an…

Property Description

Long Branch is a beach side city in Monmouth County, New Jersey. As of the 2010 United States Census, the city's population was 30,719. The City of Long Branch has a land area of 5.10 square miles and is located in the north coast area of the county. The Elberon section of Long Branch, nicknamed the Newport of the Jersey Shore at the turn of the century, is still known for its grand Victorian and Gothic architecture. In recent years there has been large-scale redevelopment in Long Branch's oceanfront area. The city has received designation as an Urban Enterprise Zone from the State of New Jersey, which provides incentives to local businesses and their customers.