460 Hungerford Dr Rockville, MD 20850

Property Details for 460 Hungerford Dr

Year built

1968

Construction

BRICK

Lot size

1.05 lot acres

Property size

12,548 SF

Zone code

MXCD

Property type

Commercial land

APN

04-00144477

APU

400144477

Description

This exceptional investment opportunity presents a brand-new, 3,320 square foot Chase Bank branch located at 460 Hungerford Dr, Rockville, MD 20850. Built in 2023, this fee-simple property (with a ground lease expiring February 28, 2038) boasts a 15-year absolute NNN lease with a corporate guarantee from JPMorgan Chase Bank, NA (S&P: A+). The lease features a 10% rent increase every five years, providing excellent inflation protection. The property sits on a 1.23-acre lot at a signalized intersection, benefiting from high daily traffic volume (approximately 54,000 vehicles). Its strategic location within Rockville Town Square, near Montgomery College, and a dense residential area with over 121,000 households within a 5-mile radius ensures strong tenant performance. The bank includes a dual drive-thru ATM, enhancing customer convenience. The affluent demographics of the 5-mile trade area, with over 326,000 residents and 190,000 employees, and an average household income of $154,057, further solidify this investment's potential. The lease includes three 5-year renewal options. The asking price is $10,795,000 ($3,251.51/sq ft). This is a truly exceptional opportunity for a passive income investment with minimal landlord responsibilities.

Location Insight

City

Rockville

County

Montgomery

State

Maryland

Longitude

-77.1523

Latitude

39.0893

CBSA code

47900

CBSA name

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

Property Tax & Assessments