12451 HEDGES RUN DR Woodbridge VA 22192

Addison Williams from CBRE-Southfield is pleased to offer for sale a free-standing M&T Bank, a Fortune 500 bank holding company (NYSE: MTB). Located in affluent Woodbridge, VA (D.C. suburb) on a pad site to a major supermarket, this 2,163 square foot building is situated off the busy Old Bridge Rd, seeing nearly 40,000 vehicles per day. Operating at this location since May of 2002, M&T Bank just executed their 2nd renewal option, extending their lease an additional 5 years for a total of 5.5 years of term remaining. There is a 10% rent increase in the next 5-year option.

The lease is on a NNN basis, whereby Landlord has zero responsibilities, except for payment of insurance premiums, which are to be fully-reimbursed by Tenant.

M&T Bank, headquartered in Buffalo, NY, is a “Fortune 500” company with 780 branches nationally and a Moody’s credit rating of A2 (investment grade). Since 2017, branch deposits at this location have increased steadily by 87%.

1. Long-Term Historical Occupancy: M&T Bank has been operating at this location for 20 years

2. Dedication to the Site: M&T Bank has chosen to exercise their 2nd 5-year option

3. Full-Service Branch: offers financial advisory, wealth management, and loan origination services, in addition to traditional banking services

4. Major grocery-anchored shopping center pad site -

• Giant Food Center supermarket: 169 stores nationwide, 2020 revenue of 5.62 billion USD (Giant is a part of Ahold Delhaize, a Dutch supermarket company with a 2020 revenue of 74.7 billion EUR)

5. NNN lease: zero Landlord responsibilities, except for payment of insurance premiums, which are to be fully-reimbursed by Tenant

6. Located just off the busy Old Bridge Road, seeing about 40,000+/- vehicles per day

7. Steadily increasing branch deposits -

• 87% increase since 2017