Chase Bank Offering

RARE LONG TERM NORTHERN NEW JERSEY INVESTMENT GRADE CHASE BANK OFFERING ACTUAL LOCATION CHASE BANK 387 PASSAIC AVENUE | FAIRFIELD, NEW JERSEY CLICK TO VIEW INVESTMENT ADVISORS PROPERTY VIDEO MARC MANDEL Managing Director 484.532.4212 [email protected] STEVE SCHRENK Director 484.532.4213 [email protected] CHRIS MUNLEY Managing Director 484.532.4207 [email protected] DEBT ADVISOR MIKE PAGNIUCCI Director 484.532.4172 [email protected] Holliday Fenoglio Fowler, L.P. and Holliday GP Corp. (collectively, “HFF”), licensed New Jersey real estate brokers. This Offering Memorandum has been prepared by HFF for use by a limited number of recipients. All information contained herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, expressed or implied, as to the accuracy or completeness of the information contained herein. Further, the Offering Memorandum does not constitute a representation that no change in the business or affairs of the property or the Owner has occurred since the date of the preparation of the Offering Memorandum. All analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the recipient. HFF and Owner and their respective officers, directors, employees, equity holders and agents expressly disclaim any and all liability that may be based upon or relate to the use of the information contained in this Offering Memorandum. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and HFF each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any recipient reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived. The recipient (“Recipient”) agrees that (a) the Offering Memorandum and its contents are confidential information, except for such information contained in the Offering Memorandum, which is a matter of public record, or is provided from sources available to the public (b) the Recipient, the Recipient’s employees, agents and consultants (collectively, the “need to know parties”) will hold and treat it in the strictest of confidence, and the Recipient and the need to know parties will not, directly or indirectly, disclose or permit anyone else to disclose its contents to any other person, firm, or entity without the prior written authorization of HFF and the Owner, and (c) the Recipient and the need to know parties will not use or permit to be used this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Owner or HFF or for any purpose other than use in considering whether to purchase the property. The Recipient and the need to know parties agree to keep this Offering Memorandum and all confidential information contained herein permanently confidential and further agree to use this Offering Memorandum for the purpose set forth above. If the Recipient has no interest in the property, or if in the future the Recipient or owner discontinue such negotiations, the Recipient will return this Offering Memorandum to HFF. INVESTMENT SUMMARY CHASE BANK | 387 PASSAIC AVE | FAIRFIELD, NEW JERSEY · · · INVESTMENT SUMMARY Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a premier net lease opportunity to acquire a new construction single tenant Chase Bank (the “Property”) with over 19 years of remaining lease term located in Fairfield, NJ which is one of the most prominent municipalities within the Essex County sub-market. Chase has been at this location since 1987 and the building has just recently been re-developed to Chase’s new prototype. This location has strong deposits of $106,193,000 which is the 3rd highest in the zipcode. The Property is located on the south-west corner at the signalized intersection of Passaic Avenue and Little Falls Road and is positioned adjacent to a Target anchored shopping center increasing consumer traffic near the site. Passaic Avenue is the main north/south commuter/ commercial arterial roadway connecting to multiple access points for U.S Route 46 with exposure to over 25,000 VPD. The property is also situated approximately 1.5 miles from the Willowbrook Mall which offers over 170 shopping and dining choices and is a large economic driver for the immediate area. The Northern New Jersey retail market continues to be one of the strongest and most diverse retail markets in the Country. The highly dense and diverse population of Northern New Jersey combined with consumers having above national average income levels, makes the market a key target for established and new concept retailers. Chase Bank is one of the Big Four banks of the United States and is a subsidiary of JPMorgan Chase and has an investment grade credit rating of A3 from Moody’s. Currently, JPMorgan Chase holds $2.49 trillion under asset making it the largest bank in the world. Through 5,100 branches and 16,000 ATM’s nationwide, the Company’s branch network serves 26 states across the country. Overall, JPMorgan Chase employs over 240,000 employees worldwide and serves millions of customers. In 2016, the Company (Consumer Banking $4,946,236 – Chase) earned over $44.91 billion in net revenue and over $9.71 billion in net income. ASKING PRICE 4.65% CAP RATE $230,000 NOI 19 Years REMAINING LEASE TERM 4 INVESTMENT SUMMARY CHASE BANK | · · · INVESTMENT HIGHLIGHTS Chase has been open at this Corporate Chase Bank Strong location with over location since 1987 and has with 10% rental increases 200,360 people and an average strong deposits with over throughout primary term household income of over $106,193,000, and is the and option periods $142,000 in a 5-mile radius third highest in the zip code Located at the signalized Chase Bank is an investment intersection of Passaic grade tenant with a A3 rating Avenue and Little Falls Road from Moody’s and one of the with exposure to over 25,000 Big Four banks in the US and is VPD on Rt. 46 a subsidiary of JPMorgan Chase | CHASE BANK INVESTMENT SUMMARY 5 · · · NEW YORK CITY WAYNE TOWNE CENTER WILLOWBROOK PLAZA GREEN BROOK COUNTRY CLUB 23 MILE WEST ESSEX HIGH SCHOOL S ESSEX COUNTY AIRPORT 80 46 PASSAIC AVE (Under Construction) THE ATRIUM AT FAIRFIED 25,000+ VPD 107,000+ VPD 46 KYOCERA DOCUMENT SOLUTIONS 80 6 INVESTMENT SUMMARY CHASE BANK | TENANT OVERVIEW CHASE BANK | 387 PASSAIC AVE | FAIRFIELD, NEW JERSEY · · · Chase Bank is one of the Big Four banks of the United States and is a subsidiary of JPMorgan Chase. Currently, JPMorgan Chase holds $2.49 trillion under asset making it the largest bank CORPORATE OVERVIEW in the world. Through 5,100 branches and 16,000 ATM’s nationwide, the Company’s branch network serves 26 states across the country. Overall, JPMorgan Chase employs over 240,000 Headquarters New York, NY employees worldwide and serves millions of customers. In 2016, the Company (Consumer Banking – Chase) earned over $44.91 billion in net revenue and over $9.71 billion in net income. Ticker JPM (NYSE) JPMorgan Chase & Co (NYSE: JPM), a financial holding company, provides a range of financial services worldwide. The company operates through six segments: Investment Bank, Retail Financial Services, Card Services, Commercial Banking, Treasury and Securities Services, and Asset Management. The Investment Bank segment provides various investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt A3 markets, risk management, market-making in cash securities and derivative instruments, and MOODY’S CREDIT RATING research. It serves corporations, financial institutions, governments, and institutional investors. The Retail Financial Services segment offers regional banking services, mortgage banking, and auto finance services that include checking and savings accounts, mortgages, home equity and 5,100 business loans, and investments through bank branches, ATMs, online banking, and telephone LOCATIONS IN THE UNITED STATES banking. The Card Services segment issues credit cards. This segment has a joint venture with First Data Corporation, which involves in the processing of MasterCard and Visa payments. The Commercial Banking segment provides lending, treasury services, investment banking, and $399.6 BILLION asset management services to corporations, municipalities, financial institutions, and not-for- MARKET CAP AS OF 9/2018 profit entities. The Treasury and Securities Services segment offers transaction, investment, and information services. It also offers cash management, trade, wholesale card, and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions, and government entities. The Asset Management segment provides investment and wealth management services to institutions, retail investors, and high-net-worth individuals. It also offers global investment management services; trust, estate, and

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