125 S Howes St, Fort Collins, CO 80521

$1,895,000
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List Price
$1,895,000
Status
ACTIVE
MLS#
1066791
Year Built
1970
Region
Fort Collins
Subdivision
Savings Bldg Condo
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(970) 296-5369

Property Description

Triple net-lease investment opportunity anchored by Key Bank, an investment-grade tenant that has occupied this first-floor retail/office condo for 30 years. This 6,200 SF condominium sits within the iconic 11-story Key Bank Tower in downtown Fort Collins, offering a stable, passive income stream with minimal landlord responsibilities.Key Bank recently extended its lease through April 2031, with two additional 5-year renewal options carrying built-in rent escalators - providing long-term income visibility well into 2041. Annual NOI of $133,100 reflects a 7% cap rate on the current asking price of $1,895,000. Ownership also includes approx. 12% stake in adjacent vacant parcel.

(970) 296-5369
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Additional Information

School District
Poudre
Elementary School
Dunn
Middle School
OTHER
High School
Poudre
Heating
Forced Air
Utilities
Natural Gas Available
Tenant Pays
Gas, Electricity, Water, Sewer, Taxes, Insurance, Interior Maintenance, Association Fees, Trash Collection, HVAC Maintenance, Parking Fee
Zoning
D
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Calculator source: Real Geeks

Listing courtesy of Erik Broman.

9702299900

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