11975 Reisterstown Rd
Reisterstown, MD 21136

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this Wells Fargo ground lease in Reisterstown, Maryland. The Tenant, Wells Fargo Bank, N.A. (NYSE: WFC), has 11 years of lease term remaining with fifteen percent (15%) rental increases every five years during the base term and four, five-year option periods. Formerly a Wachovia Bank, the lease is now corporately guaranteed by Wells Fargo Bank, N.A., rated “A-” by Standard & Poor’s, after the company’s merger in 2008. Wells Fargo is presently America’s third largest bank with $1.95 trillion in assets, 8,300 retail financial centers and 15,900 automatic teller machines. The subject property is prominently located along Reisterstown Road, one of the top retail corridors in the County. The Property is a pad site to Reisterstown Shopping Center, a 172,364 square-foot center with a strong tenant roster anchored by Big Lots, Planet Fitness, Rite Aid, Dollar Tree and Advance Auto Parts. The site will be further enhanced by additional redevelopment of the Center by one of the most renowned open air shopping center developers in the County and across Maryland in Greenberg Gibbons. The Property enjoys regional accessibility from nearby Interstate-795, one-half-mile, and outstanding visibility on busy Reisterstown Road with 16,920 vehicles per day. The Tenant is positioned at the primary entrance to the center adjacent to a newly constructed Chick-fil-A*. The center’s strong roster and dense surrounding population bring significant foot traffic to the site which has helped contribute to their high deposits of $126,075 million. This location ranks seventh out of 21 Wells Fargo Bank branches in Baltimore County. It has a strong upward trend over the past five years with an average increase of four percent annually. The neighboring Bank of America within Reisterstown Shopping Center has a similar trend with $115,725 million in deposits and an average of seven percent increases year-over-year. Together this demonstrates that this is a strong banking location for the tenant. Reisterstown, Maryland boasts exceptional demographics as it is a highly sought after Baltimore County submarket, located 22 miles northwest of the city. Presently, there are 59,000 people with Average Household Income levels of $104,940 within three-miles. Population has increased 19% since 2000 and is projected to increase an additional three percent in the next five years.