SINGLE TENANT CHASE BANK

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Chase Bank, (the “Property”) in the highly sought-after Chestnut Hill neighborhood of Philadelphia, Pennsylvania, just 9 miles from Center City. JPMorgan Chase recently executed a brand-new 15-year lease in December 2025, providing approximately 14.5 years of remaining term. The fee-simple double-net (NN) structure ensures minimal landlord responsibilities, while scheduled 10% rental increases every five years offer attractive, predictable income growth and a hedge against inflation. Unlike many single-tenant Chase Bank assets that are structured as ground leases, this fee simple investment offers the ability to depreciate the improvements, providing investors with valuable tax advantages not commonly found in single tenant Chase Bank deals. Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,000 branches and 15,000 ATMs nationwide and is one of the most well-capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2026.

Chase Bank occupies a prime signalized corner at the intersection of Germantown Avenue (10,800 VPD) and Evergreen Avenue, offering exceptional visibility, strong frontage, and consistent traffic exposure. The site’s prominent positioning is further enhanced by its location less than ½ mile from Temple Health – Chestnut Hill Hospital, a 148-bed inpatient and outpatient facility employing more than 350 board-certified physicians. This nearby healthcare anchor generates steady daytime population and employment driven traffic, supporting recurring customer activity and demand for financial services.

The property is strategically positioned within a highly affluent and densely populated market, drawing from approximately 391,000 residents and 166,000 households within a 5-mile radius, including more than 138,000 residents within 3 miles. Average household income reaches $165,000 within one mile, with strong levels of $117,000–$118,000 across the broader trade area, underscoring a deep base of high-income consumers. This profile, combined with ongoing residential growth—over 350 units recently delivered, 114 units under construction nearby, and approximately 240 additional units proposed—supports continued population expansion and reinforces the location’s capacity for long term deposit growth and stable branch performance.