1611 S Nevada AveColorado Springs, CO 80905
Bank of America
Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
Overview
Price: $4,100,000
Cap Rate: 5.0%
Tenant: Bank of America
Building Size: 4,168
Lot Size (AC): 0.95
Year Built: 2023
Remaining Lease Term: 15 Years
Lease Type: Absolute Triple-Net (NNN) Ground Lease
Investment Highlights
- New 15-Year Absolute Triple-Net (NNN) Ground Lease with 8 x 5-Year options and 10% Rental Increases every 5 years during the initial term. There are zero landlord responsibilities.
- Investment Grade (S&P: A-) Guaranty from Bank of America - 6,200 Locations in 38 States, $206 Billion +/- Market Capitalization, 6th Largest Bank in the World by Assets ($3.05 Billion).
- Ideal Highway Access at I-25 & S Nevada Ave which sees a combined 177,000+ VPD, making it one of the busiest intersections in Colorado Springs.
- The stretch of S Nevada Ave is home to myriad national tenants including: Chick Fil-A, Natural Grocers, Sprouts, Home Depot, Dunkin’, McDonald’s, Panera Bread, Safeway, Dollar Tree, Maverik Gas Station, Five Guys, Smashburger and many others.
- Located along the primary route to the Broadmoor, Colorado’s premier resort, hotel, and golf club. The Broadmoor features a two-world class golf course, 20 restaurants, 20 retail outlets, and various programming for all ages. The route also provides access to millions of acres of Colorado’s Rocky Mountains.
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1611 S Nevada AveColorado Springs, CO 80905
Contact Us
The Isaac Group
Listing provided by Revere CRE