Key Bank 721 Canal St 3,224 SF Retail Building Stamford, CT 06902 $8,957,587 CAD ($2,778.41 CAD/SF) 6.30% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KeyBank property positioned in Stamford, Connecticut. KeyBank has operated successfully at this location since 2011 and recently exercised a renewal option extending the lease through December 2031, a strong demonstration of the tenant’s long-term commitment to the site. The lease contains nine remaining ?ve-year renewal options, each with rental escalations. KeyBank is an investment grade tenant with a Standard & Poor’s rating of BBB+.
The 3,224 square foot building is situated along Canal Street in Stamford’s rapidly growing South End and sits within Harbor Point. (Harbor Point is an 80-acre master-planned community comprising more than 6 million square feet of residential, retail, office, and hotel space, including over 4,000 residential units). The property is two blocks from Interstate 95 (150,000 VPD), the primary artery connecting Stamford to New York City and the greater Northeast. The site is adjacent to the Stamford Transportation Center, Metro-North’s second busiest station behind Grand Central Terminal, with more than 8.5 million riders annually. The surrounding trade area is de?ned by a dense concentration of new residential towers, waterfront amenities, and national retailers, supported by more than 181,000 residents and an average household income exceeding $239,000 within ?ve miles. Stamford also anchors a deep corporate base, home to the headquarters and offices of WWE, Charter Communications, NBC Sports Group, Vineyard Vines, UBS, BDO, Ernst & Young, Eli Lilly, and Henkel USA, while additional demand drivers include Stamford Hospital (305 beds) and Stamford Town Center.
KeyBank, the primary subsidiary of KeyCorp (NYSE: KEY), is one of the nation’s largest bank-based ?nancial services companies, with approximately $184 billion in total assets as of year-end 2025. Headquartered in Cleveland, Ohio and tracing its roots to 1849, KeyBank operates roughly 940 branches across 15 states. The company reported record full-year 2025 revenue of $7.5 billion and net income of $1.7 billion, re?ecting continued ?nancial momentum.