The Opportunity

  • ADDRESS 201 NJ-73, West Berlin, NJ 08091
  • PRICE $3,592,000
  • CAP RATE 5.15%
  • NOI $185,000
  • LEASE TYPE NNN Ground Lease
  • BUILDING SIZE 2,800 SF
  • PARCEL SIZE 0.75 Acres
  • YEAR BUILT/ RENOVATED 2009 / 2026
  • TENANT JPMorgan Chase Bank, N.A.
  • REMAINING LEASE TERM 15 Years
  • OPTIONS Three (3), Five (5) Year Options
  • RENTAL INCREASES 10% Every Five (5) Years

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Chase Bank (NYSE: JPM), (the “Property”) in West Berlin, New Jersey, a community in suburban Philadelphia. JPMorgan Chase recently executed a brand-new 15-year triple net (NNN) ground lease and is projected to open mid-November 2026. The triple-net (NNN) lease structure ensures a hands-off form of ownership, while scheduled 10% rental increases every five years offer attractive, predictable income growth and a hedge against inflation. The property is strategically positioned at the signalized corner of NJ-73 and Prospect Avenue, benefiting from traffic counts exceeding 40,000 vehicles per day. Its strong visibility, multiple points of ingress/egress, and location along a major commercial corridor enhance customer accessibility and support sustained branch performance.

Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,000 branches and 15,000 ATMs nationwide and is one of the most well capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2026.

Investment Highlights:

NEW 15-YEAR NNN GROUND LEASE WITH BUILT-IN RENT GROWTH – JPMorgan Chase recently executed a brand-new 15-year triple-net (NNN) ground lease and is projected to open mid-November 2026. The triple-net (NNN) lease structure ensures a hands-off form of ownership, while scheduled 10% rental increases every five years offer attractive, predictable income growth and a hedge against inflation.

HIGH-TRAFFIC SIGNALIZED INTERSECTION – The property is strategically positioned at the signalized corner of NJ-73 and Prospect Avenue, benefiting from traffic counts exceeding 40,000 vehicles per day. Its strong visibility, multiple points of ingress/egress, and location along a major commercial corridor enhance customer accessibility and support sustained branch performance.

INVESTMENT GRADE CREDIT (S&P: AA-) – Chase Bank (NYSE: JPM) stands as one of the highest rated retail tenants commonly seen in the net lease market offering an investment grade credit rating of AA- (S&P). Chase offers more than 5,000 branches and 15,000 ATMs nationwide and is one of the most well capitalized banks in the world and the highest ranked megabank on Fortune Magazine’s list of “World’s Most Admired Companies” in 2026.

PHILADELPHIA MSA – West Berlin is situated approximately 15 miles southeast of Center City Philadelphia in Camden County and within the Philadelphia MSA, the 9th largest metropolitan area in the United States with more than 6.3 million residents. The property’s location within a densely populated and economically diverse metro area provides Chase Bank with access to a broad consumer base, strong household density, and long-term demographic stability.
DENSELY POPULATED & AFFLUENT DEMOGRAPHICS – The property serves a highly desirable customer base with 141,000 residents and 56,000 households within 5 miles. Average household incomes exceed $120,000 across all trade area rings, reaching $134,000 within 5 miles, creating a strong foundation for deposit growth, lending activity, and long-term branch viability.

BUSTLING RETAIL CORRIDOR – Chase Bank is surrounded by a host of national retail tenants along NJ-73 (40,000 VPD) including: Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, BJ’s Wholesale, ShopRite, Citizens Bank, Fulton Bank, Kohl’s, Burlington, Marshalls, Five Below, PetSmart, Mavis, PepBoys, Mr. Tire, Planet Fitness, Mattress Firm, Dollar Tree, Verizon, 7-Eleven, Wawa, McDonald’s, Chick-Fil-A, Dunkin’, Starbucks, Taco Bell, Popeyes, Wendy’s, Burger King, Sonic, and much more, demonstrating the strength of the retail corridor.

NEARBY RESIDENTIAL DEVELOPMENT – Nearly 300 residential units were added within a 5-mile radius in 2025 through developments including Sylvan Woods, Victory Commons, and Woodland View. The addition of new housing inventory increases population density and consumer spending potential, creating a growing deposit and lending customer base that supports Chase Bank’s long-term operating performance.

Location Map

Brokerage Team

Broker of Record: Adam Rose (License #: 8832599)

Marc Mandel

Marc Mandel

Managing Principal
Forged Real Estate
(610) 608-2621, ext. 1
James Yi

James Yi

Director
Forged Real Estate
(215) 460-2603
Steve Schrenk

Steve Schrenk

Principal
Forged Real Estate
(610) 608-2621, ext. 2
Marco DiPrinzio

Marco DiPrinzio

Partner
Forged Real Estate
(610) 608-2621, ext. 3
Maxwell Leonard

Maxwell Leonard

Director
(610) 608-2621, ext. 5
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