Offered for sale is a single tenant absolute-net ground leased Bank of America with drive-thru
located in one of the nation’s most desirable markets, Howard County, Maryland. Over three-years
remain on the lease backed by investment grade credit tenant Bank of America (S&P rated A+). The
offering represents a rare opportunity to acquire exceptional real estate absolute net-leased to a
strong corporate tenant in one of the most coveted/high barriers-to-entry markets in the country.
Resources
MARKET OVERVIEW
Howard County is one of the nation’s premier communities, centrally located between
two of the largest metropolitan areas, Washington D.C. and Baltimore. With over 320,000
residents and one of the nation’s most educated workforces, the county is nationally
recognized as one of the best places to live, work, and raise a family. It is at the center of
the growing cyber security industry due to proximity to Fort George Meade, U.S. Cyber
Command and National Security Agency. The county is also home to major research
institutions such as Johns Hopkins Applied Physics Lab and companies like W.R. Grace,
Merkle, Tenable Network Security, Medstar, and Maxim Healthcare Services.
Howard County’s strategic location, strong employment base, enviable quality of life, and
superior suburban setting position it as an excellent place to live and do business. The
county’s private sector industries generate $28.8 billion in economic output. Corporate
citizens range from health care organizations and biotech companies to information
technology, telecom, foreign-owned corporations, wholesale distributors, and additive
manufacturers. Recent new and expanding businesses in the county include Cavalier
Logistics, Amazon, FLIR, and KBR. Business parks are strategically located along the I-95
corridor and provide easy access to BWI Thurgood Marshall Airport, Port of Baltimore,
Washington D.C. and Baltimore. Howard County is also home to the Maryland Innovation
Center, one of the state’s leading business incubators and innovation hubs.
- Howard County is the seventh wealthiest
county in the U.S. – median household income
in excess of $129,000 - 21,000+ businesses/223,000+ employees with
a ten-mile radius of the property - $7.5+ billion in total specified consumer
spending within a ten-mile radius of the
property - 26-miles north of Washington, DC; 23-miles
south of Baltimore, MD