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Huntington Bank 15101 E 104th Ave 3,150 SF Retail Building Commerce City, CO 80022 $4,124,000 ($1,309.21/SF) 4.85% Cap Rate
Investment Highlights
- 15-year absolute net lease with 10% increases every 5 years
- Strong real estate fundamentals – drive-thru, direct ingress/egress, pad to top ranked shopping center
- Tenant has a 150+ year operating history
- Hard corner signalized entrance to Colorado’s dominant grocer
- Huntington Bank (Nasdaq: HBAN) is a full-service banking provider founded in 1866 that currently manages $279 billion in total assets
- Explosive growth submarket – 20%+ population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
Executive Summary
Brand-new 15-year absolute net corporate Huntington Bank lease featuring 10% rental increases every 5 years throughout the base term and options. The tenant is a publicly traded (Nasdaq: HBAN) full-service banking provider with $279B in total assets under management. The subject property is located in Commerce City – a fast-growing and affluent Denver submarket boasting average household incomes of $165,000 within a 3-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,150 SF
Building Class
B
Year Built/Renovated
2017/2026
Price
$4,124,000
Price Per SF
$1,309.21
Cap Rate
4.85%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.94 AC
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1723-07-4-01-014 | Improvements Assessment | $91,120 |
| Land Assessment | $254,660 | Total Assessment | $345,780 |
Property Taxes
Parcel Number
1723-07-4-01-014
Land Assessment
$254,660
Improvements Assessment
$91,120
Total Assessment
$345,780
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Huntington Bank | 15101 E 104th Ave
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