$1,895,000

Residential In Fort Collins

  • 6,200 Sqft
  • 2.93 Ac lot
  • Updated: Today
  • Source:
    REcolorado  MLS#IR1066791

About the Property

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
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.
  • Property type

    House

  • Year built

    1970

  • Price/sqft

    $305

Features

  • Garden
  • Mountain View
  • Investment Property

Explore the Area

125 S Howes Street, Fort Collins, Colorado, United States View on Google Maps
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Realtec C.R.E.S., LLC - Fort Collins

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Realtec C.R.E.S., LLC - Fort Collins
Colorado, United States
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1
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2026
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Realtec C.R.E.S., LLC - Fort Collins
Fort Collins, Colorado, United States
View agency profile
Last updated
Today
First listed
Aug 20
Listing reference
IR1066791
Listing status
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