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Truist Bank 4204 Ebenezer Rd 1,920 SF Retail Building Nottingham, MD 21236 $4,258,876 CAD ($2,218.16 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Recent Lease Extension - Absolute Net Lease with 5.7 Years Remaining
- Near Signalized Hard Corner | 40,000+ VPD
- Retail Synergy | Across from 230K+ SF Grocery-Anchored Power Center
- $116M in Branch Deposits, Ranking 57th Percentile in Maryland, 63rd Nationwide
- Dense, Affluent Trade Area | 193K+ Residents | $110K Avg. HH Income (5-Mile Radius)
- Established Bank Location | Operating Since 1998
Executive Summary
Offered for sale is the opportunity to acquire an absolute net lease Truist Bank in Nottingham, MD. The property consists of a 3,840-square-foot, freestanding building that sits on approximately 0.42 acres of land. There are 5.7 years remaining on the lease with 10% rental increases every 5 years.
Broker of Record:
Brian Hosey
7200 Wisconsin Ave., Ste. 1101
Bethesda, MD 20814
Brian.Hosey@marcusmillichap.com
(202) 536-3700
License: 5005538
Broker of Record:
Brian Hosey
7200 Wisconsin Ave., Ste. 1101
Bethesda, MD 20814
Brian.Hosey@marcusmillichap.com
(202) 536-3700
License: 5005538
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,920 SF
Building Class
C
Year Built
1955
Price
$4,258,876 CAD
Price Per SF
$2,218.16 CAD
Cap Rate
6.50%
NOI
$276,820 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.42 AC
Zoning
BL, County
Parking
17 Spaces (8.85 Spaces per 1,000 SF Leased)
Frontage
63’ on Ebenezer Rd
Amenities
- Banking
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-1121045370 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,537,541 CAD |
Property Taxes
Parcel Number
11-1121045370
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,537,541 CAD
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Truist Bank | 4204 Ebenezer Rd
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