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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 traces its roots to 1904, when the Bank of Italy was founded and later became part of the lineage that led to the modern company. The current business was formed through the merger of NationsBank and BankAmerica, and the company now serves individuals, small and middle-market businesses, large corporations, and governments with banking, investment management, wealth management, and financial and risk management services. The company also offers digital banking tools, credit cards, lending, and business solutions through a broad set of products designed for personal, commercial, and institutional clients.
| 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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