Log In/Sign Up
Your email has been sent.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,926 SF
Building Class
B
Year Built
2023
Price
$1,765,000
Price Per SF
$449.57
Cap Rate
4.25%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.70 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 3,926 SF
- -
- Triple Net
- -
Bank of America began in California in 1923 and later grew through mergers into the modern franchise. Bank of America Mortgage offers home purchase loans, refinancing, and home equity products, along with digital tools for rate searches, applications, and loan servicing. Bank of America also operates across consumer banking, business banking, wealth management, investing, and other financial services with a broad U.S. and international presence.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 3,926 SF | - | Triple Net | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R6777760 | Improvements Assessment | $354,200 |
| Land Assessment | $125,550 | Total Assessment | $479,750 |
Property Taxes
Parcel Number
R6777760
Land Assessment
$125,550
Improvements Assessment
$354,200
Total Assessment
$479,750
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Bank of America | 7004 W 10th St