Looking to buy a JPMorgan Chase NNN property? 37 are observed for sale across 21 states, median asking cap rate 5.00%. View JPMorgan Chase NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Parent Company | JPMorgan Chase & Co. |
| Credit Ratings (JPMorgan Chase Bank, N.A.) | S&P: AA- / Moody’s: Aa2 / Fitch: AA |
| Rated Entity | JPMorgan Chase Bank, N.A. (long-term issuer ratings), which may be the named tenant on a Chase branch lease. The holding company, JPMorgan Chase & Co., is rated lower than the bank by S&P, Moody’s and Fitch (Form 10-Q, quarter ended June 30, 2026). Confirm the tenant entity and any guarantor named in each lease. |
| Rating Source | S&P Global Ratings AA-, as of June 30, 2026; Moody’s Aa2, as of June 30, 2026; Fitch Ratings AA, as of June 30, 2026. Ratings checked September 27, 2026. |
| Sector | Banking |
| US Locations | 5,135 branches (June 30, 2026, Form 10-Q) |
| Median asking cap rate | See the live table below |
| Lease Term | Varies by lease; a listing may state the original term or the remaining term, so confirm both, and any renewal options, in the lease |
| Guarantee Type | Varies; confirm the tenant entity and any guarantee in the lease |
| Stock Ticker | JPM (NYSE) |
| Annual Revenue | $182.4B total net revenue, JPMorgan Chase & Co. consolidated (FY2025, Form 10-K) |
JPMorgan Chase Business Overview & NNN Investment Profile
JPMorgan Chase & Co., the parent of JPMorgan Chase Bank, N.A., reported total assets of $5.0 trillion and 5,135 branches as of June 30, 2026 (Form 10-Q). As a global financial institution, Chase combines extensive retail banking operations with investment banking, wealth management, and capital markets leadership. The company’s branch network represents essential consumer banking infrastructure, providing transaction processing, lending, and advisory services to millions of retail and commercial customers.
From an investment grade NNN real estate perspective, JPMorgan Chase Bank, N.A. is rated AA-/Aa2, and its parent, JPMorgan Chase & Co., reported $182.4 billion of consolidated total net revenue in 2025 (Form 10-K). Group revenue is not cash set aside for the bank and is not a lease guarantee, so confirm the tenant entity and any guarantor in each lease and review that entity’s financial capacity; no rating removes default risk. Chase’s net branch growth (4,966 branches at year-end 2024, 5,083 at year-end 2025 and 5,135 at June 30, 2026, per its Forms 10-K and 10-Q) may create NNN investment opportunities, but a new branch may be owned rather than leased, and a leased branch may never be offered for sale, so a branch count does not measure the properties available to buy.
A Chase branch lease can provide income backed by a highly rated bank when JPMorgan Chase Bank, N.A. is the tenant or guarantor. Digital banking adoption may reduce demand for some branches, although the company’s scale and customer base may support continued branch use. For investors seeking banking sector exposure through NNN real estate, compare JPMorgan Chase with the other bank tenants below.
JPMorgan Chase Credit Rating Analysis
JPMorgan Chase Bank, N.A., which may be the named tenant on a Chase branch lease, is rated AA-/Aa2 by S&P and Moody’s (long-term issuer ratings). The holding company, JPMorgan Chase & Co., is rated lower than the bank by S&P, Moody’s and Fitch (Form 10-Q, quarter ended June 30, 2026). Each rating agency publishes its own rationale. Public facts relevant to the credit include that JPMorgan Chase & Co. reported total assets of $5.0 trillion at June 30, 2026 (Form 10-Q) and reports three business segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management (2025 Form 10-K).
On May 1, 2023, JPMorganChase acquired certain assets and assumed certain liabilities of First Republic Bank from the FDIC, as receiver (2025 Form 10-K). No rating eliminates default risk, so NNN investors should still underwrite the lease obligor, the branch and the real estate.
Learn more about how credit quality impacts NNN real estate valuations by exploring our investment-grade credit tenant ratings analysis.
JPMorgan Chase NNN Lease Structure
Chase branch lease terms vary, and a listing may state either the original lease term or the remaining term; confirm the original term, the remaining term and the renewal options in each lease. Building and lot sizes also vary by branch, so confirm them in the offering materials and the survey.
Lease escalation provisions vary by transaction; many Chase listings we track describe 10% increases every five years, but model the rent schedule in the actual lease. Both ground leases and fee simple properties appear among the Chase listings we track, so confirm the structure and which property taxes, insurance and maintenance costs the tenant pays under each lease. Where JPMorgan Chase Bank, N.A. is the tenant, investors rely on a bank rated AA-/Aa2, but credit support does not remove default, lease enforcement or real estate risk; underwrite the branch and the lease terms as well.
JPMorgan Chase NNN Cap Rate & Pricing Trends
Live asking cap rates for JPMorgan Chase and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| JPMorgan Chase | AA- / Aa2 | 5.00% | 4.65% to 5.25% | 37 | −24 bps |
| Wells Fargo | A+ / Aa2 | 5.15% | 5.06% to 5.83% | 7 | −9 bps |
| Truist | A / A3 | 6.21% | 5.68% to 6.56% | 4 | +97 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 16, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file.
Asking cap rates are not closed-sale cap rates. The Chase ratings in this table are JPMorgan Chase Bank, N.A. long-term issuer ratings from JPMorgan Chase & Co.’s Form 10-Q for the quarter ended June 30, 2026; confirm the tenant and any guarantor named in each lease.
For comprehensive cap rate analysis and market trend evaluation, consult our investment grade guide.
JPMorgan Chase Real Estate Footprint
JPMorgan Chase had 5,135 branches as of June 30, 2026 (Form 10-Q), in 48 states and Washington, D.C. (2025 Form 10-K). Branch-level risk still depends on the specific location.
JPMorgan Chase Growth & Strategic Expansion
JPMorgan Chase continues to add branches on a net basis: 4,966 at year-end 2024, 5,083 at year-end 2025 and 5,135 at June 30, 2026 (Forms 10-K and 10-Q). Total net revenue was $182.4 billion in 2025, up 3% from $177.6 billion in 2024 (2025 Form 10-K).
JPMorgan Chase Investment Pros & Cons
| Pros | Cons |
|---|---|
| AA-/Aa2 (JPMorgan Chase Bank, N.A.), above the BBB‑/Baa3 investment grade floor | Branch consolidation risk if banking shifts further to digital channels |
| JPMorgan Chase & Co. total assets of $5.0T (Form 10-Q, June 30, 2026) | Digital banking shift could reduce branch utilization |
| Diversified business model across retail/commercial/investment banking | Regulatory pressure on branch operations |
| JPMorgan Chase & Co. FY2025 total net revenue of $182.4B and net income of $57.0B (Form 10-K) |
Comparable JPMorgan Chase NNN Tenants
| Tenant | Rating | Sector |
|---|---|---|
| Bank of America | A+/Aa2 | Banking |
| Wells Fargo | A+/Aa2 | Banking |
| Truist Financial | A/A3 | Banking |
Frequently Asked Questions: JPMorgan Chase NNN Investments
How does digital banking adoption affect Chase branch properties?
Digital banking adoption may reduce demand for some branches over time, but Chase added branches on a net basis in 2025 (5,083 at year-end versus 4,966 a year earlier, Form 10-K). Renewal of any single branch lease is not assured, so underwrite each location.
What lease terms do Chase branch properties have?
Terms vary. A listing may state the original lease term or the remaining term, building and lot sizes differ by branch, and both ground leases and fee simple properties appear among the Chase listings we track. Confirm the original and remaining term, the renewal options and the lease structure in each lease.
What supports JPMorgan Chase’s credit ratings?
Each rating agency publishes its own rationale. JPMorgan Chase Bank, N.A. is rated AA-/Aa2; public facts relevant to that credit include that its parent, JPMorgan Chase & Co., reported total assets of $5.0 trillion at June 30, 2026 (Form 10-Q) and $182.4 billion of total net revenue and $57.0 billion of net income for 2025 (Form 10-K). Confirm which entity is the tenant or guarantor on a specific lease.
What are typical Chase branch property locations?
JPMorgan Chase Bank, N.A. has U.S. branches in 48 states and Washington, D.C. (2025 Form 10-K). Site quality varies, so review each location’s demographics, traffic and access.
Ready to Invest in JPMorgan Chase NNN Properties?
JPMorgan Chase Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market JPMorgan Chase properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
JPMorgan Chase in a 1031 exchange: premium bank credit needs premium underwriting
JPMorgan Chase Bank, N.A. is a highly rated bank tenant, but 1031 buyers still need to test whether the asking cap rate, remaining lease term, branch location, and real estate reusability fit the exchange objective.
Use this page with the best investment-grade NNN tenants for a 1031 exchange shortlist and the 2026 NNN cap-rate framework to compare bank branches against QSR, pharmacy, convenience, industrial, and medical tenants.
Deadline buyer note: a highly rated bank addresses part of the credit question only when that entity is the tenant or guarantor on the lease, and it does not eliminate lease-term, site-quality, financing, and exit-liquidity underwriting.
JPMorgan Chase NNN Properties Observed For Sale
37 active JPMorgan Chase net lease listings observed across public listing sources, most recently Oct 16, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Boston, MA | $2,900,000 | 5.00% | 3,500 | 11.5 yrs | View listing |
| Clinton, MA | $4,080,000 | 5.00% | 3,373 | 14.7 yrs | View listing |
| Hadley, MA | $2,500,000 | 5.00% | 2,964 | n/a | View listing |
| New Haven, CT | $4,450,000 | 6.25% | 4,120 | 6.6 yrs | View listing |
| Everett, WA | $2,736,842 | 4.75% | 2,700 | 13.4 yrs | View listing |
| West Berlin, NJ | $3,592,000 | 5.15% | 2,800 | n/a | View listing |
| Clifton, NJ | $6,000,000 | 5.00% | 3,384 | n/a | View listing |
| Fayetteville, AR | $2,350,000 | 4.75% | 3,194 | n/a | View listing |
Search all 37 observed JPMorgan Chase listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
