Property Summary

JP Morgan Chase


  • 100% Occupied by JPMorgan Chase Bank
  • Acquired at approximately 33% of replacement cost
  • 24 years of historical occupancy (original tenant)
  • Located in a very desirable sub-market of Springfield
  • Proximate to numerous commercial and recreational amenities
  • 1,298 parking spaces on-site (4.8 parking ratio)
  • Status CLOSED
  • Area 268,00 Square Footage
  • Location Springfield, MO
  • Type Customer Service Center
  • StrategyOpportunistic Institutional


Sentinel Net Lease, LLC (“Sentinel”) acquired the JPMorgan Chase Customer Service Center (the “Building”) located in the City of Springfield, Missouri. The Building totals 268,413 square feet across three stories and is 100.0% leased to JPMorgan Chase Bank, N.A. (“Chase or Chase Bank”) with 5.6 years of current lease term remaining, providing an investor with stable in-place cash flow from a blue-chip tenant that is one of the most iconic financial firms in the world. Chase Bank maintains an Investment Grade credit rating of A+ (Standard & Poor’s). Chase is the U.S consumer and commercial banking business of JPMorgan Chase & Co. (“JP Morgan”). JP Morgan is ranked #19 on the Fortune 500 list. Fortune 20 company with annual revenue exceeding $121 billion in 2021. This acquisition is consistent with Sentinel’s strategy to acquire attractive real estate secured by long-term net leases with financially stable tenants that generate above-average risk-adjusted returns.

Chase Bank, inclusive of subsidiary companies, has been an occupant since the development of 303 E. Republic Rd. in 1997. The property is arguably one of the nicest Class A office buildings in the Springfield metro area, and we are acquiring the property at a fraction of replacement cost. The property is also one of only two buildings in the market with redundant power, the other being the adjacent CoxHealth Medical Center. As a result, current ownership has received many inquiries over the past several years about available space, especially from nearby medical providers including CoxHealth.

Based on our on-site interview with JPMorgan Chase, it seems like this location is an important asset operationally and the relative affordability of the market and access to qualified labor gives the site additional appeal. We are hopeful that by offering financial incentives, we can get them to agree to their scheduled 10-year extension without much fanfare.

Key Metrics



303 E. Republic Rd, Springfield, MO 65807