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Bank of America 6390 10 Oaks Rd

4,387 SF Retail Building Clarksville, MD 21029 £4,444,316 (£1,013/SF) 7.50% Net Initial Yield

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Investment Highlights

Three-years of base term remain on an absolute net ground lease with four, five-year option periods thereafter
Consistent rising deposits: $236M+ (2022), $212M+ (2021), $178M+ (2020), $156M+ (2019)
Ideally positioned at the signalized intersection of Ten Oaks Road and MD Route 108 (16K VPD); just off of MD Route 32 (55K VPD)

The lease is corporately guaranteed by investment grade credit tenant Bank of America, Standard & Poor’s rated A+ with a stable outlook
Howard County is the seventh wealthiest county in the U.S. – median household income in excess of $129,000
26-miles north of Washington, DC; 23-miles south of Baltimore, MD

Executive Summary

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.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Bank

Building Size

4,387 SF

Year Built

2006

Price

£4,444,316

Price Per SF

£1,013

Net Initial Yield

7.50%

NOI

£333,202

Tenancy

Single

Number of Floors

Building FAR

0.09

Land Acres

1.08 AC

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Listing ID: 29490270
Date on Market: 11/09/2023
Last Updated:
Address: 6390 10 Oaks Rd, Clarksville, MD 21029

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