125 S Howes St, Fort Collins, CO 80521
- $1,895,000
- List Price
- $1,895,000
- Status
- ACTIVE
- MLS#
- 1066791
- Year Built
- 1970
- Region
- Fort Collins
- Subdivision
- Savings Bldg Condo
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.
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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
Listing courtesy of Erik Broman.
9702299900
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