September 10, 2021 – Matt Nadler of Horvath & Tremblay has successfully completed the sale of Chase Bank in Littleton, Colorado. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,936,000.
Chase Bank is located at 8369 North Rampart Range Road in Littleton, Colorado. The Chase Bank retail branch consists of a 4,740 square foot building with three (3) dedicated drive through lanes and a dedicated drive-up ATM on a 1.34-acre parcel. Chase Bank has been at this location since 2005 and has 5+ years remaining on their absolute NNN ground lease with four (4), five-year renewal options. The lease features 10% rental increases every five years throughout the base term and renewal options. Chase Bank enjoys outstanding visibility and access along N Rampart Range Road, and is a pad-site to the Roxborough Marketplace, a Safeway anchored regional shopping center. Additionally, the Property is located across the street from the Sterling Ranch, a master-planned community that is under development. Sterling Ranch is a massive 3,400-acre residential development that, when completed, will feature approximately 12,000 homes spread over nine villages, including new schools and an additional 2-million square feet of commercial space.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.