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Bank of America 7004 W 10th St 3,926 SF Retail Building Greeley, CO 80634 $1,765,000 ($449.57/SF) 4.25% Cap Rate
Investment Highlights
- Below-Market Rent: Current rent is $75,000, 54% of the average comparable new-build banks with ground leases.
- Prime Retail Anchor: Anchored by King Soopers Marketplace, the #2 ranked King Soopers in the nation, attracting 1.9 million annual visits (Placer.ai).
- Absolute NNN Lease: Tenant pays taxes, insurance, maintenance, and utilities with no Landlord management required.
- 12-Year Primary Term with 10% rent increases every 5 years and three, 5-year renewal options.
- Population: 48,000 residents within a 3-mile radius, with growth projected at 12% over the next 5 years—outpacing Greeley City by 3.5%.
- Investment-grade tenant (S&P A-) with $1.98 trillion in deposits, 3,600 U.S. branches, and average deposits per branch exceeding $100M.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 3,926 SF
- -
- Triple Net
- -
Bank of America Corporation provides various financial services including commercial banking, wealth management, and investment banking. The company originated from the 1998 merger between BankAmerica and NationsBank. Through predecessor institutions like Massachusetts Bank, chartered in 1784, and Bank of Italy, founded in 1904, Bank of America has deep historical roots in American finance. Over decades, the company expanded its national footprint through strategic acquisitions and now serves millions of consumers and businesses. Bank of America operates through multiple divisions catering to retail customers, commercial enterprises, and high-net-worth individuals while maintaining a significant presence in the global financial industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 3,926 SF | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | R6777760 | Improvements Assessment | $382,530 |
| Land Assessment | $135,590 | Total Assessment | $518,120 |
Property Taxes
Presented by
Bank of America | 7004 W 10th St
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