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Key Bank 721 Canal St 3,224 SF Retail Building Stamford, CT 06902 $8,933,888 CAD ($2,771.06 CAD/SF) 6.25% Cap Rate

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EXECUTIVE SUMMARY

BUILT IN 2011 SPECIFICALLY FOR KEY BANK. THEY HAVE JUST RENEWED THEIR LEASE FOR AN ADDITIONAL 5 YEARS. THIS LEASE IS NNN. TENANT PAYS ALL EXPENSES INCLUDING TAXES. KEY CORP (KEY BANK) PRESENTLY HAS A MARKET CAP OF $20.42 BILLION. THIS SINGLE STORY BUILDING IS 3,224 SF ON 0.18 ACRES WITH A DRIVE-IN WINDOW AND 17 PARKING SPACES. THIS PROPERTY IS ZONED FOR MULTIPLE FAMILY USE. LOCATED IN A COMMUNITY THAT INCLUDES OVER 30 RETAILERS, 15 RESTAURANTS AND 4,000+ RESIDENTIAL UNITS.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,224 SF
Building Class
B
Year Built
2011
Price
$8,933,888 CAD
Price Per SF
$2,771.06 CAD
Cap Rate
6.25%
NOI
$558,368 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
SRDN
Parking
17 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
275’ on Canal Street

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • Jan 0000

KeyBank is a regional banking institution operating under KeyCorp, headquartered in Cleveland, Ohio. The company was formed in 1994 through the merger of Society Corporation and KeyCorp, though its roots trace back to 1825. KeyBank provides a wide range of financial services, including consumer banking, commercial lending, investment management, mortgage services, and treasury solutions. The bank serves individuals, small businesses, and institutional clients across 15 states, with a significant presence in the Midwest, Northeast, and select western markets. KeyBank is publicly traded on the New York Stock Exchange under the ticker symbol KEY and is a member of the S&P 500. Its Phoenix office focuses on commercial banking and private client services, supporting regional businesses with lending and financial advisory solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance - - Jan 0000
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

F45 Training, Inc.
Stretchlab
Chase Bank
Planet Fitness
Charles Schwab
Bank of America
fresh&co
Citizens Bank
Chicken Now
Noches De Colombia

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
STAM-000004-000000-005323-Y000000-9
Land Assessment
$0 CAD
Improvements Assessment
$4,470,592 CAD
Total Assessment
$4,470,592 CAD
  • Listing ID: 37954568

  • Date on Market: 2025-10-05

  • Last Updated:

  • Address: 721 Canal St, Stamford, CT 06902

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