Chase Bank
Baskersfield, CA
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans.
The Corporate & Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, and capital-raising in equity and debt markets, as well as loan origination and syndication; treasury services, such as cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research services. It also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds.
The Commercial Banking segment offers financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners. The Asset & Wealth Management segment provides investment and wealth management services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment management services; retirement services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
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S&P Outlook: Stable
Moody Outlook: Stable
Typical Lease Characteristics
Lease Term: 15 – 20 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate
Tenant Overview
JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, the company has a presence in over 100 markets, with over 250,000.
As a tenant, Chase offers a great deal of stability given its size, history, and credit rating. As pressures from online banking continue to grow however, extra consideration must be given to number of accounts managed, as well as phyiscal location and demographics of the space.
Positives:
- Public Company, Credit Rated
- Typically Long term leases with increases
Negatives:
- Long term effects and pressures of online banking remain to be seen
- Typically low cap rate
Market Snapshots:
On Market Ranges:
# of Properties in set: 17
Price: $2,620,060 - $3,503,560Average: $3,046,578
PPSF: $710 - $920Average: $800
Year Built: 1920 - 2014Average: 1996
CAP Rate Range: 5.37% - 6.36%Average: 5.83%
Size range: 2,349 sq ft - 14,700 sq ft Average: 4,648 sq ft
Last 12 Month Range:
# of Properties in set: 23
Price: $2,386,260 - $2,989,380Average: $2,622,267
PPSF: $550 - $767Average: $655
Year Built: 1956 - 2017Average: 1994
CAP Rate Range: 4.33% - 5.69%Average: 5.03%
Size range: 2,952 sq ft - 5,850 sq ft Average: 4,090 sq ft
Chase Bank Similar Tenants
Chase Bank Company Profile
Headquarters Information
New York City, New York
Founded in 2000
Company type: Public
Stock Ticker: JPM
Parent Company: JPMorgan Chase
Sector: Financial
Industry: Money Center Banks
# of Employees: 250,355
Chase Bank Stock Keys
| Title | 2017 | 2016 |
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