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Bank of America 7004 W 10th St 3,926 SF Retail Building Greeley, CO 80634 $2,458,363 CAD ($626.17 CAD/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
$2,458,363 CAD
Price Per SF
$626.17 CAD
Cap Rate
4.25%
NOI
$104,463 CAD
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 1784 when Massachusetts Bank became the first federally chartered US bank. The modern corporation formed in 1998 through NationsBank's acquisition of BankAmerica. Today it operates four main divisions: consumer banking, wealth management, global banking, and global markets. The company serves millions of retail clients and businesses through various financial products and maintains a significant international presence. Bank of America has grown through numerous mergers and acquisitions over its 200+ year history.
| 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 | $532,803 CAD |
| Land Assessment | $188,855 CAD | Total Assessment | $721,658 CAD |
Property Taxes
Parcel Number
R6777760
Land Assessment
$188,855 CAD
Improvements Assessment
$532,803 CAD
Total Assessment
$721,658 CAD
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Bank of America | 7004 W 10th St
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