- Brand new 15-year ground lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
- The lease is signed by Chase Bank, National Association, an established bank and an investment grade tenant (S&P: A+)
- The ground lease features 10% rental increases every 5 years and at the beginning of each option period
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- Investor benefits from fee-simple ownership of the land
- No landlord responsibilities