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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 is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
| 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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