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Restaurant

Bank of America

11320 York Rd, Cockeysville, MD 21030

Listing Price: $6,570,666

Cap Rate
5.25%
Tenant Name
Bank of America
Years Remaining On Lease
4.7
Gross SF
3,610
Guarantor
Corporate Guarantee
Rentable SF
3,610
Price/Gross SF
$1,820.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$95.56

Investment Overview

Strategically located within an Office Building Pocket and adjacent to the bustling Hunt Valley Towne Centre, this property benefits by popular retailers such as Dick’s Sporting Goods, Marshalls, and DSW. The site benefits significantly from a shared driveway with the McCormick Global Headquarters, a leader in flavor operating in 170 countries, ensuring a steady flow of traffic and visibility. With approximately 45,000 vehicles passing daily, fueled by a dense daytime employee population from numerous surrounding office buildings, the location offers exceptional foot traffic. Furthermore, being just half a mile from the Merrill Lynch Investment Services Building adds to its appeal, as it sits in a region recognized for its vibrant economic activity within the Baltimore MSA.

The property is anchored by a solid investment structure, featuring an absolute NNN ground lease with no landlord responsibilities and over five years remaining on the term, including five renewal options. The lease incorporates generous 12% increases every five years, ensuring a favorable return on investment. Notably, the ground lease is a relocation of a former Bank of America branch, which previously boasted the highest deposits in the area. Bank of America, as the second-largest bank in the United States, enhances the property's desirability, especially following Maryland’s recognition as the most improved state for business by CNBC in July 2021. With surrounding tenants like Giant Food, Starbucks, and UPS Store, this property stands poised for continued success in a thriving urban center that attracts both residents and professionals alike.

Investment Highlights

  • Located in an Office Building Pocket, Adjacent to the Hunt Valley Towne Centre, an Open-Open-Air Mall Shopping Plaza Tenanted by Retailers Such As Dick's Sporting Goods, Marshalls, DSW, Claire's, etc
  • Numerous Surrounding Office Buildings Provide a Dense Daytime Employee Population Which Contributes to Increased Visitors and a Combined Daily Traffic of Approximately 45,000 Vehicles Per Day.
  • The Subject Property Benefits from its Prime Location a Half Mile from the Merrill Lynch Investment Services Building, an Investment Management Company Acquired by Bank of America in 2008.
  • Absolute NNN Ground Lease With No Landlord Responsibilities
  • +5 Years Remaining on the Term With 5 x 5-Year Options To Renew Remaining and Features Generous Increases of 12% Every 5 Years
  • Part of the Baltimore MSA—the Largest City in Maryland With a Population of Over 2.84 Million
  • Bank of America Corporation (BoA; S&P- A+) Is the Second Largest Bank in the United States by Total Assets and the Sixth Largest in the World As of Q1 2024 With 3,800 Retail Financial Centers and 15,000 ATM's.

Exclusively Listed By

  • Rob Narchi

    Senior Managing Director Investments

    (310) 909-5426

    Email Rob

    License(s): CA: 01788517, CA: 01324570

    Los Angeles

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) MD: 5005538

    Maryland

Restaurant

Bank of America

Listing Price: $6,570,666

Cap Rate
5.25%
Tenant Name
Bank of America
Years Remaining On Lease
4.7
Gross SF
3,610
Guarantor
Corporate Guarantee
Rentable SF
3,610
Price/Gross SF
$1,820.13
Lease Type
NNN Ground Lease
Rent Per Square Feet
$95.56

Investment Highlights

  • Located in an Office Building Pocket, Adjacent to the Hunt Valley Towne Centre, an Open-Open-Air Mall Shopping Plaza Tenanted by Retailers Such As Dick's Sporting Goods, Marshalls, DSW, Claire's, etc
  • Numerous Surrounding Office Buildings Provide a Dense Daytime Employee Population Which Contributes to Increased Visitors and a Combined Daily Traffic of Approximately 45,000 Vehicles Per Day.
  • The Subject Property Benefits from its Prime Location a Half Mile from the Merrill Lynch Investment Services Building, an Investment Management Company Acquired by Bank of America in 2008.
  • Absolute NNN Ground Lease With No Landlord Responsibilities
  • +5 Years Remaining on the Term With 5 x 5-Year Options To Renew Remaining and Features Generous Increases of 12% Every 5 Years
  • Part of the Baltimore MSA—the Largest City in Maryland With a Population of Over 2.84 Million
  • Bank of America Corporation (BoA; S&P- A+) Is the Second Largest Bank in the United States by Total Assets and the Sixth Largest in the World As of Q1 2024 With 3,800 Retail Financial Centers and 15,000 ATM's.

Investment Overview

Strategically located within an Office Building Pocket and adjacent to the bustling Hunt Valley Towne Centre, this property benefits by popular retailers such as Dick’s Sporting Goods, Marshalls, and DSW. The site benefits significantly from a shared driveway with the McCormick Global Headquarters, a leader in flavor operating in 170 countries, ensuring a steady flow of traffic and visibility. With approximately 45,000 vehicles passing daily, fueled by a dense daytime employee population from numerous surrounding office buildings, the location offers exceptional foot traffic. Furthermore, being just half a mile from the Merrill Lynch Investment Services Building adds to its appeal, as it sits in a region recognized for its vibrant economic activity within the Baltimore MSA. The property is anchored by a solid investment structure, featuring an absolute NNN ground lease with no landlord responsibilities and over five years remaining on the term, including five renewal options. The lease incorporates generous 12% increases every five years, ensuring a favorable return on investment. Notably, the ground lease is a relocation of a former Bank of America branch, which previously boasted the highest deposits in the area. Bank of America, as the second-largest bank in the United States, enhances the property's desirability, especially following Maryland’s recognition as the most improved state for business by CNBC in July 2021. With surrounding tenants like Giant Food, Starbucks, and UPS Store, this property stands poised for continued success in a thriving urban center that attracts both residents and professionals alike.

Exclusively Listed By

  • Rob Narchi

    Senior Managing Director Investments

    (310) 909-5426

    Email Rob

    License(s): CA: 01788517, CA: 01324570

    Los Angeles

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): MD: 5005538

    Maryland

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