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.
KeyBank
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
