For Sale
$5,675,000

19707 Germantown Rd Germantown, MD 20874

Germantown, MD: High-yield Bank investment

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fee-simple ownership of a 3,380 square foot Bank of America branch located at 19707 Germantown Road, Germantown, MD 20874. The property boasts a strong 6.25% cap rate and a long-term, absolute triple-net (NNN) lease with a corporate guarantee from Bank of America, extending through December 31, 2033, with ten one-year renewal options. Built in 1998, this single-story building sits on a 46,373 square foot lot and enjoys 100% occupancy since its opening. The lease features annual rent increases ranging from a minimum of 3% to a maximum of 4%, providing a hedge against inflation. The property benefits from its prime location within a thriving retail corridor, featuring high traffic counts and strong demographics, including a population of 28,611 and average household income of $120,000 within one mile. Nearby amenities include the Shops at Town Center, Century Station, and numerous other retail establishments. The asking price is $5,675,000, translating to $1,678.99 per square foot. This is a rare opportunity to acquire a secure, high-yielding investment with a blue-chip tenant in a desirable location. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio. The Net Operating Income (NOI) is $354,900.

Highlights

  • Bank of America corporate guaranteed net lease.
  • 3,380 SF retail building on a 46,373 SF lot in Germantown, MD.
  • $5,675,000 asking price, 6.25% cap rate, $1,678.99/SF.
  • Absolute NNN lease with zero landlord responsibilities.
  • 9.1 years remaining on a 36-year lease with 10 one-year options; 3-4% annual rent increases.
  • 100% occupancy since 1998; $354,900 annual NOI.

Property Details for 19707 Germantown Rd

Property type
Retail properties, Banks
Square Feet
3,380 SF
Year Built
1998
Buildings
1
Stories
1
Units
1

Location Insight

City
Germantown
County
Montgomery
State
Maryland
Latitude
39.178874310225
Longitude
-77.266345741439
19707 Germantown Rd, Germantown, Maryland

FAQs

What type of property is this?
Retail property - Germantown, MD: High-yield Bank investment
Where is the retail property located?
The property is located at 19707 Germantown Rd Germantown, MD.
What is the asking price?
The asking price for this property is $5,675,000.
What are key features of this property?
This property features: Bank of America corporate guaranteed net lease.; 3,380 SF retail building on a 46,373 SF lot in Germantown, MD.; $5,675,000 asking price, 6.25% cap rate, $1,678.99/SF.
How can I contact the broker?
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19707 Germantown Rd
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