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Views: 34 DOM: 49 Updated: 08.06.24 Posted: 07.21.24 Status: Active

Summary

Price $4,500,000
Built/Renov 2024
Tenant BOK Financial
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,080
Lease Start 09-01-2024
#Units 130
Price/SF $1,102.94
Expiration 08-31-2039
Tenant Type Bank/Financial
NOI $225,000
R. Term 14.12
Ownership Fee Simple
Rent/SF $55.15
Increases 10.0%/5/yrs
Pop 5Mi 295,984
Lot/AC 0.98
Options 4/5yrs
AHHI 5Mi $121,607

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and 100% FMV at the start of each option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

BOK Financial is strategically located on Northfield Blvd., a major retail and commuter thoroughfare, with access to 16,300 vehicles passing by daily. The property serves as an outparcel to The Shops at Northfield, recognized as the top community shopping center in Colorado according to Placer.ai. This bustling center attracts over 7.1 million visitors annually and hosts a variety of...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: BOK Financial
  • Guarantor:Corp T and Rated
  • Company:BOK Financial Corporation
  • # Units:130
  • Tenant S&P: A-
  • Moody’s: A3
  • Stock: NASDAQ: BOKF

About Tenant

BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company offering a full complement of retail and commercial banking products and services across the...


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Listing Broker

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