19707 Germantown Rd Germantown, MD 20874
- Retail properties
- 3,380 SF
Current Use by Public Records
- Bank of America (with Drive-thru ATM) / Bank / Financial Consultant
- Bank of America ATM (Drive-thru) / Financial Consultant / Financial Planner
Property Details for 19707 Germantown Rd
- Year built
- 1998
- Property size
- 3,380 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,380 square foot Bank of America branch located at 19707 Germantown Road, Germantown, MD 20874. The property boasts a strong 6.25% cap rate and a long-term, absolute triple-net (NNN) lease with a corporate guarantee from Bank of America, extending through December 31, 2033, with ten one-year renewal options. Built in 1998, this single-story building sits on a 46,373 square foot lot and enjoys 100% occupancy since its opening. The lease features annual rent increases ranging from a minimum of 3% to a maximum of 4%, providing a hedge against inflation. The property benefits from its prime location within a thriving retail corridor, featuring high traffic counts and strong demographics, including a population of 28,611 and average household income of $120,000 within one mile. Nearby amenities include the Shops at Town Center, Century Station, and numerous other retail establishments. The asking price is $5,675,000, translating to $1,678.99 per square foot. This is a rare opportunity to acquire a secure, high-yielding investment with a blue-chip tenant in a desirable location. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio. The Net Operating Income (NOI) is $354,900.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.2663
- Latitude
- 39.1789
