HIGHLIGHTS
- 9 Years Remaining on Absolute NNN Ground Lease, Early Lease Extension
- 10% Rent Increases Every 5 Years in Base Term and Options
- Strong Reported Deposits in Excess of $236 Million, Proven Location
- Tenant Plans on Renovating the Branch in July 2026, All-Brick Building with 3 Drive-Thru Lanes
- Branch Ranks in the Top 92nd Percentile Nationwide for KeyBank (Placer.ai)
- Investment Grade Credit Tenant (BBB+ by S&P), 950+ Locations and $11.2 Billion in Revenue
FOR SALE DETAILS
PRICE
$1,901,000 USD
PRICE/SF
$442 USD /SF
CAP RATE
5.6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Key Bank Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.85 AC
LAND SF
37,026 SF
ZONING
B2
APN/PARCEL ID
146089-152-120-0002-003-100
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858-373-3174
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