8912 Woodyard Rd Clinton, MD 20735-4204
- Banks
- 4,411 SF
- 0.91 lot acres
Jan 16, 2020
Current Use by Public Records
- ATM (TD Bank) / Atm
- TD Bank / Atm / Bank
Property Details for 8912 Woodyard Rd
- Year built
- 2006
- Lot size
- 0.91 lot acres
- Property size
- 4,411 SF
- Zone code
- CGO
- Property type
- Banks
- APN
- 09-3733870
- APU
- 93733870
Description
This exceptional investment opportunity presents a fee-simple ground lease on a 4,100 square foot TD Bank property in Clinton, MD, within the Washington, D.C. MSA. The property boasts a 20-year absolute NNN lease (expiring December 1, 2026, with four 5-year options), featuring rent bumps based on fair market value or 12% above the prior rent. The tenant, TD Bank, holds an AA- credit rating from S&P and enjoys significant financial stability. Located at 8912 Woodyard Rd, Clinton, MD 20735, this single-tenant property sits on a 0.97-acre lot and benefits from a high daily traffic count exceeding 149,000 vehicles due to its proximity to major roadways and retail centers like Woodyard Crossings (540,000 sq ft) and The Landing at Woodyard (221,000 sq ft), anchored by national brands such as Walmart, Lowe's, Safeway, Ross, and Aldi. The affluent surrounding area boasts an average household income exceeding $130,000 within a one-mile radius. The property's strategic location is also enhanced by its proximity to Joint Base Andrews and MedStar Southern Maryland Hospital. The current NOI is $425,920, with an asking price of $5,874,758 and a 7.25% cap rate. This presents a compelling investment opportunity with strong tenant credit, a prime location, and built-in rent growth.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,810,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,096,000
Market price range: $2.04M - $6.10M
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Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.8873
- Latitude
- 38.7667
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA