OhioRetail Cooper Commercial Group sells Chase Bank location in Ohio February 13, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email The Cooper Commercial Investment Group closed the sale of a single-tenant absolute NNN ground lease to Chase Bank in Avon, Ohio. The ground lease was commenced in November of 2019 on a 20-year term with multiple rent increases. Chase handles all on-site maintenance and operating expenses, leaving the new ownership with no management responsibilities. Dan Cooper, president and broker of Cooper Commercial Investment Group, represented the seller, a private investment group in Cleveland. The all-cash West Coast buyer purchased the property for its full asking pric eof $1.89 million, representing a 40 percent cap rate and $545 a square foot.