Bank of America | Top 1% in Deposits | NNN 11320 York Rd 3,610 SF Retail Building Cockeysville, MD 21030 $7,643,817 CAD ($2,117.40 CAD/SF) 6.25% Cap Rate

Strategically located within an Office Building Pocket and adjacent to the bustling Hunt Valley Towne Centre, this property benefits by popular retailers such as Dick’s Sporting Goods, Marshalls, and DSW. The site benefits significantly from a shared driveway with the McCormick Global Headquarters, a leader in flavor operating in 170 countries, ensuring a steady flow of traffic and visibility. With approximately 45,000 vehicles passing daily, fueled by a dense daytime employee population from numerous surrounding office buildings, the location offers exceptional foot traffic. Furthermore, being just half a mile from the Merrill Lynch Investment Services Building adds to its appeal, as it sits in a region recognized for its vibrant economic activity within the Baltimore MSA.
The property is anchored by a solid investment structure, featuring an absolute NNN ground lease with no landlord responsibilities. The lease incorporates generous 12% increases every five years, ensuring a favorable return on investment. Notably, the ground lease is a relocation of a former Bank of America branch, which previously boasted the highest deposits in the area. Bank of America, as the second-largest bank in the United States, enhances the property's desirability, especially following Maryland’s recognition as the most improved state for business by CNBC in July 2021. With surrounding tenants like Giant Food, Starbucks, and UPS Store, this property stands poised for continued success in a thriving urban center that attracts both residents and professionals alike.