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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)