SunTrust Absolute NNN
For Sale
Contact for pricing
Pending
15924 Crain Hwy, Brandywine, MD 20613
Bank branch leased under an absolute NNN ground lease within the Brandywine Crossing power center.
Property SizeContact for details
Days on Market142
Property Features for 15924 Crain Hwy
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Anchor Co-Tenants
Target, Costco, Aldi, Safeway, Marshalls
Building Details
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
Eric Suffoletto · License #MA 9577141
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners
Investment Insights
Based on property information with market context.
The property is a SunTrust bank branch at 15924 Crain Hwy in Brandywine, Maryland. It is subject to an absolute NNN ground lease with 11 years remaining and no landlord responsibilities identified in the lease structure.
Lease economics include 5% increases every five years, along with four 5-year renewal options. The next scheduled increase is October 2019. The property is positioned within the Brandywine Crossing power center and is immediately proximate to Target, Costco, Aldi, Safeway, Marshalls, and other national retail and restaurant tenants. Brandywine is part of the Washington, D.C. MSA.
Lease economics include 5% increases every five years, along with four 5-year renewal options. The next scheduled increase is October 2019. The property is positioned within the Brandywine Crossing power center and is immediately proximate to Target, Costco, Aldi, Safeway, Marshalls, and other national retail and restaurant tenants. Brandywine is part of the Washington, D.C. MSA.
Key Highlights
- Absolute NNN ground lease with 11 years remaining
- Zero landlord responsibilities under the lease structure
- 5% increases every five years
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
620k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Superstores 27%
Dining 25%
Groceries 9%
Costco Wholesale
Superstores
96,510 visits/mo
0.2 miles
Target
Superstores
72,595 visits/mo
0.2 miles
Wawa
Shops & Services
54,260 visits/mo
0.4 miles
Chick-fil-A
Dining
44,307 visits/mo
0.1 miles
Safeway
Groceries
40,964 visits/mo
0.3 miles
Demographics for 20613, MD
15,726
Population
5,684
Households
2.8
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
217
Density / Sq Mi
$149,821
Median Household Income
$70,135
Median Earnings
$2,288
Median Rent
$511,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Bank branch leased under an absolute NNN ground lease within the Brandywine Crossing power center.
Where is this nnn property located?
The property is located at 15924 Crain Hwy Brandywine, MD.
What are key features of this property?
This property features: Absolute NNN ground lease with 11 years remaining; Zero landlord responsibilities under the lease structure; 5% increases every five years
