For Sale
$6,570,666

11320 York Rd Cockeysville, MD 21030

High-yield NNN ground lease, prime location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 3,610 square foot, 100% occupied, absolute NNN ground lease property located at 11320 York Rd, Cockeysville, MD 21030. The property, built in 2015 and situated on a 1.26-acre lot, is currently leased to a major national bank tenant (Bank of America, Chase Bank, Citizens Bank, or Wells Fargo Bank). The lease commenced June 7, 2014, and has a remaining term of 4.6 years, with five 5-year renewal options at a 12% rent increase every five years. The current lease provides a substantial net operating income (NOI) of $344,960, resulting in a 5.25% cap rate on the $6,570,666 asking price. The property enjoys a highly desirable location within a dense office building pocket adjacent to the Hunt Valley Towne Centre, a thriving open-air shopping mall. This strategic location benefits from significant daily traffic of approximately 45,000 vehicles, driven by the large daytime employee population of numerous surrounding office buildings. The property's proximity to the Merrill Lynch Investment Services Building further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant upside potential in a robust Baltimore MSA market. The property's APN is 08-2200023489.

Highlights

  • Excellent location in an office building pocket adjacent to Hunt Valley Towne Centre, near major retailers.
  • High daily traffic (approx. 45,000 vehicles) due to a dense concentration of nearby office employees.
  • Prime location, half a mile from the Merrill Lynch Investment Services Building.
  • Absolute NNN ground lease; no landlord responsibilities.
  • Over five years remaining on the lease term, with five five-year renewal options and 12% rent increases every five years.
  • Located in the Baltimore MSA.

Property Details for 11320 York Rd

Property type
Retail properties, Retail space
Square Feet
3,610 SF
Year Built
2015
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Cockeysville
County
Baltimore
State
Maryland
Latitude
39.495067874335
Longitude
-76.650386309531

FAQs

What type of property is this?
Retail property - High-yield NNN ground lease, prime location.
Where is the retail property located?
The property is located at 11320 York Rd Cockeysville, MD.
What is the asking price?
The asking price for this property is $6,570,666.
What are key features of this property?
This property features: Excellent location in an office building pocket adjacent to Hunt Valley Towne Centre, near major retailers.; High daily traffic (approx. 45,000 vehicles) due to a dense concentration of nearby office employees.; Prime location, half a mile from the Merrill Lynch Investment Services Building.
How can I contact the broker?
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11320 York Rd
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