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Investment Details

Price: $2,750,000 Location: Oxford, MI
Cap Rate: 5.50% Lease Type: Ground Lease
NOI: $151,250 Lease Expiration: January 2030
Demographic Information (5-Mile Radius)
2021 Population: 43,077
2026 Population: 44,006
2021 Average Household Income: $114,692
2021 Median Household Income: $92,255
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Amanda Leathers
amanda@upland.com
612.436.0045

CHASE BANK

Oxford | Michigan
Highlights
• S&P A+ Rating
• 8+ Years remaining on Ground Lease with four 5-year renewal options along with 10% every 5 years.
• JPMorgan Chase Bank currently has over 4,700 branch locations and over 16,000 ATMs across the U.S.
• Located on an outparcel to Meijer grocery store.
• High- Visibility from North Lapeer Road, traffic counts average over 20,923 per day.
• Oxford, Michigan is located among metropolitan Detroit’s affluent northern suburbs.

CHASE BANK

Oxford | Michigan

Highlights
• S&P A+ Rating
• 8+ Years remaining on Ground Lease with four 5-year renewal options along with 10% every 5 years.
• JPMorgan Chase Bank currently has over 4,700 branch locations and over 16,000 ATMs across the U.S.
• Located on an outparcel to Meijer grocery store.
• High- Visibility from North Lapeer Road, traffic counts average over 20,923 per day.
• Oxford, Michigan is located among metropolitan Detroit’s affluent northern suburbs.

Investment Details

Price: $2,750,000
Location: Oxford, MI
Cap Rate: 5.50%
Lease Type: Ground Lease
NOI: $151,250
Lease Expiration: January 2030
Demographic Information (5-Mile Radius)
2021 Population: 43,077
2026 Population: 44,006
2021 Average Household Income: $114,692
2021 Median Household Income: $92,255
Contact
Keith Sturm, CCIM
keith@upland.com
612.376.4488
Amanda Leathers
amanda@upland.com
612.436.0045

©2015 Upland Real Estate Group, Inc. All rights reserved. Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489
©2015 Upland Real Estate Group, Inc. All rights reserved.
Upland Real Estate Group, Inc.
50 South 6th Street | Suite 1418
Minneapolis | MN | 55402
Main: 612.332.6600 | Fax: 612.376.4489