Chase Bank | Collierville, TN
For Sale
Chase Bank | Collierville, TN
Asking Price: $2,870,000
| Cap Rate: 4.35%
- Net Operating Income: $125,000
- Weighted Avg. Lease Term (WALT): 20 Years
- Lease Type: Ground
Property Highlights
- Corporate guarantee from an investment-grade tenant (S&P: A-); largest bank in the country with $3.2 trillion in assets
- First Chase Bank in the Memphis MSA; with plans to open an additional 5 locations by the end of 2024
- New high-quality construction: building was completed in 2023 and features state-of-the-art materials
- City of Collierville has a total reported deposit amount of nearly $2B in assets; branch is positioned for tremendous success (per FDIC)