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Chase Bank Absolute NNN Property
For Sale
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4350 SE Mile Hill Drive, Port Orchard, WA 98366

The offering features a ground-leased bank with a 20-year occupancy history at its Port Orchard site.

Property SizeContact for details
Days on Market142

Property Features for 4350 SE Mile Hill Drive

General Information

Standard status Active
Property subtype Retail, Office

Building Details

Tenancy Single
Listing Agency: Northmarq - Seattle
Listed By: Sean Tufts · License #WA 74057
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - Seattle

Investment Insights

Based on property information with market context.

This single-tenant Chase Bank property is operated under an absolute net ground lease. The site has a 20-year historical occupancy record, providing an established operating history for the asset. Annual deposits are approximately 70% greater than those of the closest competing branch.

The property is located at 4350 SE Mile Hill Drive in Port Orchard, Washington, and is positioned as a pad to South Park Village. The bank may be acquired independently or in combination with South Park Village, which includes a three-building retail center on nearly eight acres, a multi-tenant retail building, a vacant former grocery building, and a vacant developable land area.

Key Highlights

  • Single‑tenant Chase Bank operation
  • Absolute net ground lease
  • 20‑year historical occupancy

Property Analytics

Current Use

Chase Mortgage Loan Service Chase Bank Bank Chase ATM Atm

Suggested Use

Top Pick Law Firm Hair Salon Building Supply HVAC Service Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby
50k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 48%
McDonald's Dining
24,514 visits/mo 0.2 miles
Dollar Tree Shops & Services
12,762 visits/mo 0.1 miles
Chevron Shops & Services
6,669 visits/mo 0.2 miles
Chase Bank Shops & Services
4,301 visits/mo 0.1 miles
Papa John's Pizza Dining
1,507 visits/mo 0.1 miles

Demographics for 98366, WA

36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - The offering features a ground-leased bank with a 20-year occupancy history at its Port Orchard site.
Where is this nnn property located?
The property is located at 4350 SE Mile Hill Drive Port Orchard, WA.
What are key features of this property?
This property features: Single‑tenant Chase Bank operation; Absolute net ground lease; 20‑year historical occupancy
More about this property
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