STNL US Bank

Investment Overview

SVN | Denver Commercial offers a single-tenant investment leased to U.S. Bank National Association at 1851 S Pueblo Boulevard in Pueblo, Colorado. The lease stipulates 5,255 rentable SF. The separately reported assessor areas remain subject to reconciliation; the 3,218 SF main-level figure excludes finished basement and mezzanine space. The January 2024 amendment extended the committed lease term through October 31, 2029. Contract annual base rent is $90,539.77 through October 31, 2026 and increases to $92,350.56 on November 1, 2026, followed by scheduled annual increases of approximately 2%. Two five-year renewal options could extend the lease through October 31, 2039, at the tenant's election. The lease is a direct obligation of U.S. Bank National Association, with no separate parent-company guaranty. Under the NN structure, the landlord retains structural and architectural capital repairs and qualifying repairs or replacements to other building systems and improvements costing more than $16,500. Contract rent is presented before these landlord costs and is not a verified net operating income figure. The lease does not require continuous operation. The branch combines drive-up service with a location near the Pueblo Boulevard and Northern Avenue retail corridor. Access, parking and drive-up stacking rights are addressed in the lease and reciprocal easement provisions. Tours and tenant inquiries should be coordinated through SVN. All SVN Offices Independently Owned and Operated.

Investment Highlights

• Single-tenant investment leased directly to U.S. Bank National Association.
• 5,255 rentable SF stipulated in the lease, subject to reconciliation with assessor-reported areas.
• Committed lease term through October 31, 2029, following the January 2024 extension.
• Annual base rent increases from $90,539.77 to $92,350.56 on November 1, 2026.
• Scheduled annual rent increases of approximately 2% through the committed term.
• Two five-year renewal options with pre-set rents, potentially extending the lease through October 31, 2039.
• Operating Regency branch with drive-up service and surface parking.
• South Pueblo Boulevard location near Northern Avenue, Regency Square and the Walmart-anchored retail center.
• NN lease with defined landlord capital-repair obligations; renewal options remain the tenant's election.