Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California, JLL - New York City, New York
$5,356,000
Fulton Bank - Ellicott City, MD
Details
Property Type Retail
Sub Type Bank
Square Footage 14,793
Cap Rate 6.25%
NOI $334,767
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Year Built 1973
Acreage 1.440
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Fulton Bank | $380M in Deposits | Baltimore MSA
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 9151 Baltimore National Pike in Ellicott City, Maryland (“Property” or “Asset”). Fulton Bank is operating on a 15-year absolute NNN lease with ±13.0 years of primary lease term remaining, 2.25% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
MD Broker of Record: Andrew Weir - MD License #: 616262
Investment highlights
- Absolute NNN lease with ±13.0 years of primary lease term remaining
- Rare 2.25% annual rent escalations
- Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's
- Exceptional deposits of $380M in 2025, the #1 location in Howard County
- Frontage along US 40, just off interchange with US 29 with accessibility to 207,000+ VPD
- Strong demand characteristics driven by 3-mile AHHI of $201K
- Positioned within dense commercial corridor in Greater Baltimore with 3M residents
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California, JLL - New York City, New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$334,767.00
$27,897.25/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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