Atlantic Capital Partners is pleased to present the sale of a newly constructed Chase Bank located at 67- 69 South River Road in Bedford, New Hampshire. This 3,346 SF prototype branch is currently under construction, with a projected opening date in Q4 2024. The property is strategically positioned on South River Road, Bedford’s primary retail corridor, which boasts a strong tenant lineup including Whole Foods, Lowe’s, Target, Trader Joe’s, Hannaford, and HomeGoods.
The site offers exceptional visibility along US-3 and convenient access to Interstate 293, which experiences a daily traffic volume of 86,908 vehicles. Chase Bank has secured a 15-year Ground Lease, set to commence in Q4 2024. The lease includes six five-year renewal options and features 10% rent escalations at the start of each option period and through the initial term. The current annual rent is $160,000. This investment offers a unique combination of new construction, minimal landlord responsibilities, and stable, long-term passive income.
NEW 15-YEAR NNN GROUND LEASE
NNN Ground Lease affords investors with zero landlord responsibilities and a completely passive income stream
ATTRACTIVE RENTAL INCREASES
10% rent increases every 5 years throughout the initial term and at the beginning of each option period
ROBUST DEMOGRAPHICS
147,646 people earning over $115,000 within a 5-mile radius
LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR
Situated along South River Road which sees 30,744 VPD with easy access to Interstate 293 (86,908 VPD)
CORPORATE GUARANTEE FROM INVESTMENT-GRADE TENANT
JPMorgan Chase has a Market Cap of $555B (NYSE: JPM) and has a credit rating of A+ (S&P)
RETAIL AND COMMERCIAL HUB | BEDFORD, NH
Major Retailers: South River Road is home to prominent stores such as Whole Foods, Lowe's, Target, Trader Joe's. Hannaford, and HomeGoods, making it a central shopping destination
High Demand: The combination of retail strength, strategic location, and community growth makes Bedford a sought-after location for new businesses and investments