125 S Howes Street, Fort Collins, CO 80521
- $1,895,000
Courtesy of Realtec C.R.E.S., LLC . 9702299900
- List Price
- $1,895,000
- Status
- ACTIVE
- Days on Market
- 24
- MLS#
- IR1066791
- Year Built
- 1970
- Lot Size
- 127,500
- Acres
- 2.93
- Subdivision
- Savings Bldg Condo
- Neighborhood
- 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
- HOA Fee
- $1
- HOA Includes
- Reserves
- Zoning
- D
- Heating
- Forced Air
- Levels
- One
- Roof
- Membrane
- School District
- Poudre R-1
- Elementary School
- Dunn
- Middle School
- Other
- High School
- Poudre
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