Property details
Capital One Ground Lease, Southwest Region
Property Description
Capital One Ground Lease. New 20-year ground lease commenced on August 30, 2006. Like most ground leases, this is a triple net lease.
Who would want to buy this Capital One Ground Lease?
We are often asked why someone would want to own the ground and not the building. Sophisticated ground lease owners know that these are one of the most secure investments. If, for example, a strong tenant like Capital One ever were to break the lease, the improvements typically are a winfall to the ground lease land owner.
Properties related to Capital One Ground Lease
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Highlights
- Status:
- Available
- Price:
- $2,185,000
- Cap Rate:
- 5.49%
- Annual Rent:
- $120,000
- Rent Increases:
- Rent: Years 1-12: $120,000/yr
Years 13-15: $132,000/yr
Years 16-20: $145,200/yr
Property Information
- Property Type:
- Ground Lease
- Industry Type:
- Bank - Credit Union
- Units/Spaces:
- 1
- Year Built:
- 2006
- Land Area:
- 0.80 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Capital One
- Lease Type:
- NNN
- Lease Commencement:
- 8/30/2006
- Lease Expiration:
- 7/31/2026
- Lease Term:
- 20 years
- Years Remaining:
- 18 years
- Landlord Responsibilities:
- None
- Options:
- Four 5-year options with 10% increases in each option period
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.