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Bank

KeyBank

12801 Colorado Blvd, Thornton, CO 80241

Listing Price: $2,700,000

Cap Rate
5.47%
Tenant Name
KeyBank
Years Remaining On Lease
5.8
Gross SF
4,373
Guarantor
Corporate Guarantee
Rentable SF
4,373
Price/Gross SF
$617.43
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.78

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a KeyBank in Thornton, Colorado.

Investment Highlights

  • 5.75+ Years Remaining on Absolute Triple Net Ground Lease with 4 x 5 Year Options to Extend
  • Upcoming 8.14% Rent Increase in June 2024 - Increasing Yield to 5.92% - 10% Rental Increases in Options
  • Signalized Hard Corner Location at Intersection of 128th and Colorado Boulevard - 38,000+ VPD
  • High Quality Construction - Brick Exterior, Drive-Thru, Efficient Ingress and Egress to Both 128th and Colorado Boulevard
  • Investment Grade Tenant - KeyBank (BBB+ S&P) - $198 Billion in Assets, +/-1,000 Branches, +/- 18,000 Employees

Exclusively Listed By

Listing Price: $2,700,000

Cap Rate
5.47%
Tenant Name
KeyBank
Years Remaining On Lease
5.8
Gross SF
4,373
Guarantor
Corporate Guarantee
Rentable SF
4,373
Price/Gross SF
$617.43
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.78

Investment Highlights

  • 5.75+ Years Remaining on Absolute Triple Net Ground Lease with 4 x 5 Year Options to Extend
  • Upcoming 8.14% Rent Increase in June 2024 - Increasing Yield to 5.92% - 10% Rental Increases in Options
  • Signalized Hard Corner Location at Intersection of 128th and Colorado Boulevard - 38,000+ VPD
  • High Quality Construction - Brick Exterior, Drive-Thru, Efficient Ingress and Egress to Both 128th and Colorado Boulevard
  • Investment Grade Tenant - KeyBank (BBB+ S&P) - $198 Billion in Assets, +/-1,000 Branches, +/- 18,000 Employees

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a KeyBank in Thornton, Colorado.

Exclusively Listed By

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