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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 part of its history to the Bank of Italy, founded in 1904, and the modern company emerged through later mergers and expansion. The company serves individuals, small- and middle-market businesses, large corporations, and governments with banking, investment management, and financial risk management products and services. Bank of America’s current business lines include consumer banking, global wealth and investment management, global banking, and global markets, with digital banking and cash management platforms supporting client activity. The company reports a broad presence across retail, commercial, institutional, and wealth channels as part of its wider financial services franchise.
| 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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