• NNN Lease: KeyBank is responsible for 50% share of taxes, insurance, utilities, and R&M (Including roof repairs but not replacement)
• Attractive Rent Increases: Lease features 10% rent increases every option period or every 5 years, providing a strong hedge against inflation
• Term & Options: KeyBank has 1.5 years of term remaining with two 5-year renewal options
• Long-Term Tenancy: KeyBank has occupied this location since 1988
• Credit Tenant: KeyBank National Association is rated BBB+
• Location: Prime visibility and strategically located on the highly-trafficked Main Street (12,554 ADT), adjacent to a Smith’s, Natural Grocers, and Planet Fitness
• Strong Area Demographics: Within a 3-mile radius, there are 26,415 households featuring average annual income of $135,950 and population of 78,430