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Views: 95 DOM: 89 Updated: 09.15.24 Posted: 06.19.24 Status: Active

Summary

Price $2,000,000
Built/Renov 1980
Tenant Keller Williams
Cap Rate 9.55%
Lease Type Double NN
Guarantor Corporate
Size/SF 8,923
Lease Start 11-01-2017
#Units 1,100
Price/SF $224.14
Expiration 10-31-2025
Tenant Type Office/Corp
NOI $191,076
R. Term 1.1
Ownership Fee Simple
Rent/SF $21.41
Increases 3.0%/1/yrs
Pop 5Mi 157,093
Lot/AC 1.86
Options 1/8yrs/3%
AHHI 5Mi $83,826

Lease Highlights

  • Keller Williams has 1+ years remaining on the current lease term with 1 (8-year) option to extend
  • The lease features 3% annual rental escalations throughout the initial term and option period
  • Corporate guaranteed lease

Location Description

Keller Williams is strategically located on Utica Ridge Rd, with access to 24,000 vehicles passing by daily. The property is conveniently situated close to I-74 (34,000 VPD) and is surrounded by well-known national tenants, including Lowe's, Petco, Sam's Club, DSW, and more. The 5-mile trade area is supported by a population of 157,093 residents with an average household income of $83,826....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Keller Williams
  • Guarantor:Corporate
  • Company:KWx
  • # Units:1,100
  • Stock:Private

About Tenant

Keller Williams Realty (commonly referred to as Keller Williams) is an American technology and international real estate franchise. It is the largest real estate franchise in the United States by...


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Listing Broker

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