Chicago, IL – Syndicated Equities' Investment Sales Group announced the successful closing of a single-tenant Chase Bank absolute NNN ground lease located in Leawood, Kansas. The property consists of a newly constructed 3,326-square-foot JPMorgan Chase Bank branch, built in 2022 and situated on a 0.53-acre hard-corner parcel at a signalized intersection with combined traffic counts exceeding 39,000 vehicles per day.

Josh York, Syndicated Equities' Director of Net Lease Brokerage, represented the Buyer in the transaction - a local 1031 exchange investor seeking to reinvest proceeds from the sale of agricultural land into a passive, ground lease asset with minimal landlord responsibilities. Brent Hanna of Encore Real Estate Investment Services represented the Seller.

The branch features a modern prototype design with a 24-hour drive-thru ATM and is positioned within one of the most affluent communities in the state of Kansas. According to the 2024 ACS 5-Year Estimate, the area reports a median household income exceeding $170,000, ranking as the fourth most affluent zip code in the State of Kansas.

The asset was 100% leased to JPMorgan Chase Bank, N.A. (S&P: AA-), the principal bank subsidiary of JPMorgan Chase & Co. (NYSE: JPM), a global financial services leader with approximately $4 trillion in assets as of December 31, 2024. The 20-year absolute NNN ground lease had approximately 17 years of base term remaining at the time of closing, providing long-term, contractually secured income with minimal landlord responsibilities.