16481 Excalibur RdBowie, MD 20716

Property Details for 16481 Excalibur Rd

Year built

2008

Lot size

1.02 AC

Property size (Sq ft)

4,077 SF

Zone code

CGO

Property type

Banks

APN

07-2871408

APU

72871408

Description

This exceptional investment opportunity presents a 3,468 square foot, single-tenant, absolute NNN ground lease property located at 16481 Excalibur Rd, Bowie, MD 20716. The property is currently 100% occupied by PNC Bank, a highly credit-rated tenant with a corporate guarantee, offering significant financial stability. The lease features four 5-year renewal options with a 15% rent increase at each option, extending the potential lease term to approximately 23 years. The property boasts a strong NOI of $258,548 and a 6.72% cap rate. Situated on a 1.02-acre lot with 25 parking spaces, the property benefits from a prime retail corridor location in the Washington D.C. MSA, next to Collington Plaza and surrounded by major retailers. The property enjoys high visibility on Crain Hwy, with over 65,000 vehicles passing daily, and is situated on a hard signalized corner. The surrounding community is affluent, with an average household income exceeding $148,000 within a 5-mile radius. A major development directly across the street is underway, further enhancing the property's value and future potential. Built in 2007, this property offers a secure, high-performing investment with substantial long-term growth potential. The asking price is $3,850,000. The property is part of a ground lease with an expiration date of January 31, 2027, leaving approximately 2.2 years remaining on the initial lease term. The property's location within the Washington D.C. MSA and its strong tenant make this a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $759,361

  6.5%

  $700,949

  7%

  $650,881

• Comparable approach

  Method

  Valuation

  Relative Method

  $247,689

  Geo Method

  $266,743

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,372,930

  Mixed-Use / Specialty

  $696,020

  Hospitality / Lodging

  $507,484

  Office

  $689,354

  Institutional / Educational

  $722,712

  Residential Income

  $845,573

  Multifamily

  $1,027,600

  Automotive / Energy

  $619,467

  Parking / Income-Based Land

  $216,171

  Restaurant / Food Service

  $356,820

  Healthcare / Senior Housing

  $716,247

Location Insight

City

Bowie

County

Prince George's

State

Maryland

Latitude

38.9349

Longitude

-76.7186

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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