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Views: 109 DOM: 170 Updated: 09.12.24 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 14.7
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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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,674 96,369 310,701
2024 Total Population : 6,811 91,763 295,718
2024 Employed Civilian Pop : 3,782 46,259 158,854
2024 Total Businesses : 517 4,346 12,352
2024 Average Household Income : $ 221,354 $ 154,816 $ 135,079
2024 Total Consumer Spending : $ 450 M $ 4243 M $ 13106 M
2024 Median Age : 34 35 35
2024 Total Households : 2,389 31,633 111,543
2024 Pop Age 25+: Bachelor's Degree : 1,580 15,998 54,694
2024 Average Home Value : $ 880,781 $ 751,179 $ 739,633
*ESRI data is presented for informational purposes only

Listing Broker

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Patrick Luther

SRS National Net Lease Group

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  • 420 Listings
  • 53396 Views
  • 166 Sold
Matthew Mousavi

SRS National Net Lease Group

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  • 369 Listings
  • 48722 Views
  • 138 Sold

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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