Listed by CP Partners
$4,124,000
Huntington Bank
Details
Property Type Retail
Sub Type Bank, Freestanding
Square Footage 3,150
Cap Rate 4.85%
NOI $200,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Rent Bumps Yes
Lease Options Five, 5-year
Year Renovated 2026
Acreage 0.940
Parking Spaces 24 spaces
Parking Per SqFt 7.62
Investment Type Net Lease
Lease Commencement 04/15/2026
Ground Lease No
Drive-thru bank pad to a top-ranked shopping center in Colorado
Marketing description
Brand-new 15-year absolute net corporate Huntington Bank lease featuring 10% rental increases every 5 years throughout the base term and options. The tenant is a publicly traded (Nasdaq: HBAN) full-service banking provider with $279B in total assets under management. The subject property is located in Commerce City – a fast-growing and affluent Denver submarket boasting average household incomes of $165,000 within a 3-mile radius.
Investment highlights
- 15-year absolute net lease with 10% increases every 5 years
- Hard corner signalized entrance to Colorado’s dominant grocer
- Strong real estate fundamentals – drive-thru, direct ingress/egress, pad to top ranked shopping center
- Huntington Bank (Nasdaq: HBAN) is a full-service banking provider founded in 1866 that currently manages $279 billion in total assets
- Tenant has a 150+ year operating history
- FY 2025 revenues of $8.2 billion, a ~10% increase over the previous year
- Explosive growth submarket – 20%+ population increases estimated within a 1, 3, and 5-mile radius over the next 5 years
- Affluent demographics – $165,000 average household incomes within a 3-mile radius of the subject property
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,000.00
$16,666.67/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
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