6390 10 Oaks Rd - Bank FOR SALE


Clarksville, MD 21029
$5,680,000 USD
202-777-2005
6390 10 Oaks Rd, Clarksville, MD for Sale
$5,680,000 USD
Bank - FOR SALE
1/5
null | 7.5% Cap Rate

6390 10 Oaks Rd
Clarksville, MD 21029


HIGHLIGHTS

  • Three-years of base term remain on an absolute net ground lease with four, five-year option periods thereafter
  • The lease is corporately guaranteed by investment grade credit tenant Bank of America, Standard & Poor’s rated A+ with a stable outlook
  • Consistent rising deposits: $236M+ (2022), $212M+ (2021), $178M+ (2020), $156M+ (2019)
  • Howard County is the seventh wealthiest county in the U.S. – median household income in excess of $129,000
  • Ideally positioned at the signalized intersection of Ten Oaks Road and MD Route 108 (16K VPD); just off of MD Route 32 (55K VPD)
  • 26-miles north of Washington, DC; 23-miles south of Baltimore, MD

OVERVIEW

Offered for sale is a single tenant absolute-net ground leased Bank of America with drive-thru located in one of the nation’s most desirable markets, Howard County, Maryland. Three-years remain on the lease backed by investment grade credit tenant Bank of America (S&P rated A+). The offering represents a rare opportunity to acquire exceptional real estate absolute net-leased to a strong corporate tenant in one of the most coveted/high barriers-to-entry markets in the country.

FOR SALE DETAILS

PRICE

$5,680,000 USD

PRICE/SF

$1,295 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rich SilleryMonument Realty LLCMore Info
202-777-2005

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Rich SilleryMonument Realty LLCMore Info
202-777-2005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.