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Bank

Chase Bank | 15 Years Remain | Baltimore, MD MSA | Opening Soon

11704 Reisterstown Rd, Reisterstown, MD 21136

Listing Price: $4,200,000

Cap Rate
5.00%
Tenant Name
Chase Bank
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,336
Lease Type
NNN Ground Lease
Rent Per Square Feet
$89.90

Investment Overview

The Tenant will occupy a former 2,336-square-foot Truist branch with dual drive-thru with prominent frontage and access along Reisterstown Road (23,651 VPD). The property is adjacent to a Checkers pad, and is an outparcel to the larger Hammershire Square anchored by ALDI. It also neighbors the Giant-anchored Cherry Valley Plaza shopping center and daytime driver, Cedarmere Elementary school with 564 students.

Investment Highlights

  • New 10-Year Term Ground Lease with 10% Increases Every 5 Years
  • Desirable Reisterstown Road Retail Corridor
  • Prominent Out-Parcel to ALDI Center

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Bank

Chase Bank | 15 Years Remain | Baltimore, MD MSA | Opening Soon

Listing Price: $4,200,000

Cap Rate
5.00%
Tenant Name
Chase Bank
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
2,336
Lease Type
NNN Ground Lease
Rent Per Square Feet
$89.90

Investment Highlights

  • New 10-Year Term Ground Lease with 10% Increases Every 5 Years
  • Desirable Reisterstown Road Retail Corridor
  • Prominent Out-Parcel to ALDI Center

Investment Overview

The Tenant will occupy a former 2,336-square-foot Truist branch with dual drive-thru with prominent frontage and access along Reisterstown Road (23,651 VPD). The property is adjacent to a Checkers pad, and is an outparcel to the larger Hammershire Square anchored by ALDI. It also neighbors the Giant-anchored Cherry Valley Plaza shopping center and daytime driver, Cedarmere Elementary school with 564 students.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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