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125 S Howes St, Fort Collins, CO 80521

$1,895,000

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List Price: $1,895,000
Type: Single Family Residential
Status: ACTIVE
MLS Number: IR1066791
Year Built: 1970

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Property Description

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.

(303) 522-8226

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Additional Information

Lot Size Acres: 2.93
Lot Size Sq Ft: 127,500
Water Source: Public
Basement Type: Partial
Heating: Forced Air
School District: Poudre R-1
Elementary School: Dunn
Middle Or Junior School: Other
High School: Poudre