Property Details

Wells Fargo

District Heights, MD
Property ID: 9644

Financial Summary

Asking Price $4,100,000
Cap Rate 6.11%
Net Operating Income (NOI) $250,880
Lease Type Ground Lease
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Strong demographics – Washington, DC MSA with population counts of 21,812 within 1 mile and average HH income of $71,330
  • Traffic counts of 25,420 VPD at signalized entrance
  • Investment grade tenant (S&P: A-)
  • Structured 10% rent increases every 5 years in the primary lease term & options
  • Multiple points of ingress & egress
  • Branch deposits of $46 million as of June 30th, 2018

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

5801 Silver Hill Road
District Heights, MD

Leigh ClineWells Fargo