TD Bank Ground Lease
Retail | 8.00% CAP | 2,838 SqFt
Marketing description
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4319
Collington Road, a 2,838 SF single-tenant NNN ground lease TD Bank situated on 0.72 acres (31,338
SF) on the signalized corner of Collington Road and Town Center Boulevard in Bowie, Maryland. The
property is strategically located within the Bowie Corporate Center and directly across from Bowie
Town Center, the area’s dominant retail hub.
The offering combines a secure income stream from TD Bank, part of Toronto-Dominion Bank, with
strong underlying real estate fundamentals, including a freestanding bank building featuring a
triple drive-thru configuration and 19 surface parking spaces (6.69 per 1,000 SF). The site’s
layout is de-signed to accommodate high-volume banking operations, benefiting from strong
visibility, controlled access, and consistent consumer traffic generated by the surrounding retail
and office environment.
TD Bank has successfully operated at this location since November 2011 and maintains a lease
through November 30, 2031, providing approximately 5.7 years of remaining term. The tenant
cur-rently pays $25,712.50 per month ($9.06/SF) under a NNN ground lease, with a scheduled rent
increase on December 1, 2026 to $28,283.75 per month ($9.97/SF). The lease includes four (4)
five-year renewal options, with rental rates set at fair market value, subject to a minimum of the
prior rent and a maximum increase of 10%.
4319 Collington Road is positioned along Collington Road, a primary commercial corridor in Bowie
with traffic counts exceeding 17,000 vehicles per day, and benefits from direct access to U.S.
Route 50, a major east-west highway connecting the property to Washington, D.C. and the broader
region. The property is immediately across from Bowie Town Center, an established open-air retail
destina-tion anchored by Safeway and Macy’s, with additional national tenants including Best Buy,
LA Fitness, and Barnes & Noble. The combination of retail draw, office presence, and regional
connectivity sup-ports consistent traffic patterns and long-term viability of the asset.
Investment highlights
TD Bank – Investment Grade Credit Profile
Subsidiary of Toronto-Dominion Bank, one of North America’s largest financial institutions with
approximately $2 trillion in global assets and a strong U.S. retail banking presence.
NNN Ground Lease Structure
Passive ownership with minimal landlord responsibilities and no building-level capital obligations.
Remaining Lease Term
Approximately 5.7 years of term remaining through November 30, 2031.
Scheduled Rent Increase
10% rent increases every 5 years with the next increase on 12/1/2026 from $25,712.50/month to
$28,283.75/month.
Long-Term Upside via Options
Four (4) five-year renewal options with fair market value rent adjustments up to 10% increase.
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