11975 Reisterstown Rd Reisterstown, MD 21136

Property Details for 11975 Reisterstown Rd

Year built

2009

Lot size

0.86 lot acres

Property size

4,520 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 4,520 square foot Wells Fargo Bank storefront located at 11975 Reisterstown Rd, Reisterstown, MD 21136. The property sits on a 0.86-acre lot and boasts a strong financial profile, including a 7.65% cap rate and a substantial net operating income (NOI) of $456,262. Built in 2009, this single-building retail property features all-brick construction and a four-lane drive-thru, enhancing its operational efficiency and customer convenience. The lease, a net ground lease with zero landlord responsibilities, has a remaining term of 4.9 years, extending to October 31, 2029, with 4 or 5-year options available. Rent increases are structured at 15% every five years, providing significant long-term growth potential. The tenant, Wells Fargo Bank, enjoys a strong S&P credit rating of "BBB+", offering exceptional creditworthiness and security. This location benefits from its strategic placement as an outparcel to a brand new Lidl-anchored power center, a signalized corner location providing easy access to the Reisterstown Shopping Center, and proximity to Franklin High School and Stevenson University. The surrounding area demonstrates high affluence, with an average household income exceeding $104,098 within a three-mile radius and a dense population of 16,411 people within just one mile. This property represents a rare opportunity to acquire a high-quality, net-leased retail asset with substantial upside potential. The asking price is $5,965,000, translating to $1,319.69 per square foot.