3415 Eastern Ave
Baltimore, MD 21224
Commerce de détail Propriété À vendre

This offering presents a rare opportunity to acquire a Bank of America–leased asset featuring an investment-grade tenant with an A1/A- credit rating and corporate guarantee, providing strong security of income. Priced at $3.1M at a 5.75% cap, the property offers a stable, passive investment with a NN lease structure and minimal landlord responsibilities, along with 5% rent increases every five years. The location has demonstrated over 20 years of operating history and is designated as a “Banking Center,” supporting business banking operations and reinforcing long-term tenancy. The branch reports over $134M in deposits, highlighting its strong performance and entrenched presence in the market. Situated along Eastern Avenue with traffic counts exceeding 21,600 vehicles per day, the asset benefits from excellent visibility in a dense infill Baltimore location with over 470,000 residents within a 5-mile radius. Additionally, the property features a sizable 18,017 SF building on 0.49 acres and includes approximately two dozen rare off-street parking spaces—an increasingly scarce and highly valuable amenity in this dense urban corridor, further enhancing its long-term real estate value.