For Sale
$10,795,000

460 Hungerford DrRockville, MD 20850

Prime Retail Investment: Guaranteed NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 3,320 square foot Chase Bank branch located at 460 Hungerford Dr, Rockville, MD 20850. Built in 2023, this fee-simple property (with a ground lease expiring February 28, 2038) boasts a 15-year absolute NNN lease with a corporate guarantee from JPMorgan Chase Bank, NA (S&P: A+). The lease features a 10% rent increase every five years, providing excellent inflation protection. The property sits on a 1.23-acre lot at a signalized intersection, benefiting from high daily traffic volume (approximately 54,000 vehicles). Its strategic location within Rockville Town Square, near Montgomery College, and a dense residential area with over 121,000 households within a 5-mile radius ensures strong tenant performance. The bank includes a dual drive-thru ATM, enhancing customer convenience. The affluent demographics of the 5-mile trade area, with over 326,000 residents and 190,000 employees, and an average household income of $154,057, further solidify this investment's potential. The lease includes three 5-year renewal options. The asking price is $10,795,000 ($3,251.51/sq ft). This is a truly exceptional opportunity for a passive income investment with minimal landlord responsibilities.

Highlights

  • $10,795,000 asking price for a 3,320 SF Chase Bank in Rockville, MD.
  • Absolute NNN ground lease with a 15-year term, commencing March 1, 2023, and expiring February 28, 2038, including three 5-year renewal options.
  • Corporate guarantee from JPMorgan Chase Bank, NA (investment grade, S&P: A+).
  • 10% rent increases every 5 years.
  • Located on a signalized corner in Rockville Town Square, near Montgomery College and a dense residential area.
  • Brand new construction with a dual drive-thru ATM.

Property Details for 460 Hungerford Dr

Property type
Retail properties, Banks
Square Feet
3,320 SF
Year Built
2023
Lot Size (sq. ft)
53,579 SF

Location Insight

City
Rockville
County
Montgomery
State
Maryland
Latitude
39.0893241
Longitude
-77.152381
460 Hungerford Dr, Rockville, Maryland

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
460 Hungerford Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message