Interested in selling your Key Bank NNN property or Key Bank lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Key Bank NNN property for sale or Key Bank ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Key Bank NNN property or the inclusion of a Key Bank ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Key Bank properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, KeyBank has over 1,000 branches and 40,000 ATMs in 15 states.
Revenue and income
In 2022, KeyBank’s total revenue was $13.8 billion. Net income was $1.2 billion.
Future plans
KeyBank plans to continue expanding its branch network in the Midwest and Northeast. The company also plans to invest in new technologies like mobile banking and online bill pay.
Corporate vs. franchise
All of KeyBank’s branches are corporate-owned. The company does not have any franchised units.
Additional information Key Bank Properties
KeyBank was founded in 1885 in Cleveland, Ohio.
The company’s name refers to its being initially a key-making business.
KeyBank is the 11th largest bank in the United States by assets.
The company’s most popular products include checking accounts, savings accounts, and mortgages.
KeyBank is a subsidiary of KeyCorp, a financial services holding company..
Key Bank History
KeybBank traces back to 1864 when John R. Thompson founded the First National Bank of Cleveland. The bank was renamed Key Bank in 1995 after merging with Society Bank. KeyBank is now the 19th largest bank in the United States, with over 1,000 branches in 15 states. The bank provides various financial services, covering retail, commercial, investment, and wealth management.
Why Invest in Ground Lease and NNN Lease of Key Bank?
Investing in Key Bank’s ground lease and triple net (NNN) lease properties offer compelling reasons:
1) Key Bank NNN Property Investment: Stable income
Key Bank is a well-established and financially sound financial institution with a long history of profitability. This provides investors with a reliable income stream from the lease payments.
2) Key Bank NNN Property Investment: Established tenant
Key Bank is a significant player in the retail banking industry with a national presence. This reduces the risk of vacancy or lease default.
3) Key Bank NNN Property Investment: Low management responsibility
The tenant is responsible for maintenance and expenses, minimizing the landlord’s management obligations.
4) Key Bank NNN Property Investment: Favorable lease terms
Long lease terms with built-in rent escalations provide predictable income and potential rental growth.
5) Key Bank NNN Property Investment: Real estate value
Key Bank’s properties are typically located in high-traffic areas, which can increase their value over time.
Pros and Cons of Key Bank Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established financial institution.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Key Bank’s financial performance.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.