Description

Offered for sale is an absolute net lease property occupied by Truist Bank in Nottingham, MD. This 3,840-square-foot freestanding building sits on approximately 0.42 acres and has 5.7 years remaining on the lease, with 10% rental increases every five years following a recent lease extension. Strategically positioned near a signalized hard corner with traffic counts exceeding 40,000 vehicles per day, the site benefits from a dense and affluent trade area of over 193,000 residents with an average household income of $110,000 within a five-mile radius. The property enjoys strong retail synergy, located across from a 230,000+ SF grocery-anchored power center, and has been an established bank location operating since 1998. With a robust daytime population exceeding 175,000, limited retail pipeline, and sub-5.6% vacancy in the Baltimore MSA, this property represents a stable, high-demand investment opportunity.