Listing Summary
SRS National Net Lease is pleased to present an exceptional institutional acquisition opportunity situated within one of Utah's fastest-growing, highest-income submarkets: 1275 N. Hill Field Road, Layton, UT 84041
Full Description
Corporate Chase Bank Leased Fee Investment For Sale: 1275 N. Hill Field Road, Layton, UT 84041
Elite 0.98-Acre Freestanding Bank Outparcel Located inside the High-Volume Layton Hills Mall Retail Corridor (Salt Lake City MSA)
SRS National Net Lease is pleased to present an exceptional institutional acquisition opportunity situated within one of Utah's fastest-growing, highest-income submarkets: 1275 N. Hill Field Road, Layton, UT 84041. This offering represents a rare opportunity to acquire the leased fee interest (land ownership) in a freestanding, corporate-backed banking facility occupied by JPMorgan Chase & Co.
The property generates a stable, reliable Net Operating Income (NOI) of $165,000, presenting an incredibly secure, low-risk vehicle for passive portfolio growth or an ideal 1031 exchange replacement asset. The physical site encompasses a highly functional 3,916 SF banking building constructed in 1970, perfectly positioned on a generous 0.98-acre commercial pad site. Operating under a true absolute NNN lease structure with zero landlord responsibilities, this investment delivers completely hands-off, hassle-free cash flow backed by one of the largest and most secure financial institutions in the world.
Unrivaled Tenant Longevity & Institutional Corporate Lease Fundamentals
When evaluating long-term net lease investments, real estate history is often the strongest indicator of future performance. This Chase Bank location boasts unmatched operational stability:
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Nearly Five Decades of Proven Performance: JPMorgan Chase & Co. has successfully operated at this exact location since 1979. This 45+ year history of continuous tenancy proves the incredible strength, profitability, and strategic importance of this specific branch footprint.
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Highly Secure Remaining Term & Extension Options: The tenant currently has approximately 5 years remaining on their lease term, backed by two (2) additional 5-year option periods to extend. This structure provides the incoming landlord with clear visibility into multi-generational income stability.
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Absolute NNN Ground Structure — Zero Landlord Management: This is a pure leased fee interest, meaning you own the underlying land asset while the corporate tenant handles everything else. With absolute zero landlord tasks, maintenance bills, structural liabilities, or repair obligations, it is a perfect "coupon-clipper" asset for hands-off investors.
Prime Layton Hills Mall Outparcel Positioning & Elite Traffic Integration
The asset occupies a prime real estate position within the primary retail gravity hub of Davis County, benefiting from massive built-in customer volume and endless crossover shopping traffic:
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Dominant Outparcel to Layton Hills Mall: The property is situated as a premier outparcel to the thriving Layton Hills Mall, a dominant regional shopping center that attracts over 3.5 million visitors per year (according to Placer.ai data). The mall features 125 active tenants, including national anchors like Dick’s Sporting Goods, Dillard’s, JCPenney, and high-volume dining drivers like Texas Roadhouse and Buffalo Wild Wings.
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Unrivaled Roadway Exposure & I-15 Access: Located directly along N. Hill Field Road, the branch catches the eye of an average of 46,400 vehicles passing by daily. Furthermore, the site provides seamless, immediate access to the on/off-ramps of Interstate 15 (I-15), which channels a massive 114,000+ vehicles per day through the local trade corridor.
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Surrounded by Elite National Credit Synergy: This immediate corridor represents a "who's who" of top-tier retail, placing the Chase Bank asset shoulder-to-shoulder with a high-volume Walmart Supercenter, Target, Lowe's, Sam's Club, Hobby Lobby, and Office Depot.
Financial Summary & Property Specifications
| Investment & Structural Component |
Detail Specification & Financial Metrics |
| Property Asset Address |
1275 N. Hill Field Road, Layton, UT 84041 |
| Current Net Operating Income (NOI) |
$165,000 |
| Gross Leasable Area (GLA) |
3,916 ± Total Square Feet |
| Total Property Land Area |
0.98 ± Acres (Approx. 42,689 Sq. Ft. Pad) |
| Asset Occupancy Rating |
100% Fully Leased |
| Corporate Tenant Guarantor |
JPMorgan Chase & Co. (S&P: A- Credit Rated) |
| Historical Site Tenancy |
Continuous Operation at Location Since 1979 |
| Lease Structure Type |
Absolute NNN Leased Fee (Absolute Zero Landlord Tasks) |
| Primary Economic Market |
Salt Lake City MSA (Davis County Submarket) |
Massive Economic Anchors: Hill Air Force Base & Dense Multi-Family Residential Units
The long-term value of this land footprint is reinforced by major regional economic drivers and an expansive, wealthy local consumer base:
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The Hill Air Force Base Economic Engine: The property sits just 7 miles from Hill Air Force Base, a massive U.S. military installation employing over 25,000 active personnel on-site. Generating an annual economic impact of nearly $5 billion, the base feeds a massive ecosystem of high-paying aerospace, defense, and engineering jobs directly into the Layton community.
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High-Density Multi-Family Consumer Pipe: The bank is surrounded by thousands of modern residential rooftops, including several major apartment complexes located just blocks away: Layton Meadow Apartments (334 units), Sterling Pointe Apartments (320 units), Fox Creek Apartments (186 units), and Autumn Hills Apartments (72 units).
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Staggering Population Metrics & Affluent Household Wealth: Within a 5-mile trade area, the property is supported by an established population of over 187,600 permanent residents and a daytime workforce of more than 51,500 employees. Local families in the immediate 1-mile radius boast an exceptionally wealthy average household income of $130,397, ensuring a deep pool of local capital for banking and investment deposits.
Core Investment Highlights & Acquisition Advantages
Net Lease Valuation Strategy: In the single-tenant net lease sector, bank ground leases are widely considered a defensive "safe-haven" asset class. When you combine an S&P A-rated credit tenant like JPMorgan Chase with a historical operational tenure dating back to 1979, the real estate risk is practically eliminated. This 0.98-acre parcel inside the Layton Hills Mall commercial ring offers incredible underlying land residual value and a bulletproof addition to any private trust or 1031 portfolio.
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Credit Security from a Global Banking Powerhouse: Secure your capital with a corporate lease signed by JPMorgan Chase & Co., the largest financial institution in the United States.
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Unmatched 45-Year Historical Performance: Invest with peace of mind knowing this branch has been a highly profitable, permanent fixture of the Layton community since 1979.
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Absolute NNN Land Ownership Simplicity: Enjoy a 100% passive, hands-off income stream with absolute zero landlord responsibilities—no property upkeep, management fees, or building repairs.
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Irreplaceable Salt Lake City MSA Location: Secure a prime, high-traffic retail pad site clearing 46,400 daily vehicles, surrounded by major multi-family complexes, a multi-billion dollar Air Force Base, and elite credit anchors.
Contact our institutional investment sales team today to receive the complete physical offering memorandum, review official title records, inspect historical branch transaction documents, or coordinate a secure site review of this premier Chase Bank leased fee asset.
Quick Glance
- Listing ID:
CL-Utah-14539
- Status:
Active
- Year Build:
1970
- Building Size:
3,916 SqFt
- Lot Size:
1 SqFt