4805 Annapolis Rd
Bladensburg, MD 20710

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer a ground lease interest in this SunTrust Bank located in Bladensburg, Maryland, an infill suburb of the Washington, D.C metropolitan area. This is a successful, long-standing bank location as the Property has operated as a bank since 1944. Twelve years ago the tenant entered into a lease which presently has over 10 years of lease term remaining. The lease is absolute NNN with zero landlord responsibilities and features one-and one-half percent (1.5%) annual rental increases. The rental increases will provide a buyer an average cap rate of 6.42% over the remaining term of the lease. SunTrust Bank operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states, along with 24-hour digital access. As of December 31, 2016, SunTrust had total assets of $205 billion and total deposits of $160 billion. SunTrust Banks, Inc. is rated “A-” by Standard & Poor’s and is publicly traded on the New York Stock Exchange under the symbol STI. SunTrust is well located along Annapolis Road (Route 450), the main commercial corridor in the submarket with average daily traffic counts of 35,440 vehicles. The Tenant is positioned with prominent frontage and easy points of access from both Annapolis Road and 48th Street via front and rear entrances. The 4,700-square-foot branch is positioned adjacent to Bladensburg Shopping Center, a 33,656-square-foot strip anchored by an inline 7-Eleven convenience store, and across Annapolis Road from Port of Bladensburg, 118,027 square-feet anchored by AutoZone. There are numerous apartment communities surrounding the site which support its vehicular and pedestrian trade. Bladensburg, Maryland is a dense infill suburb located seven miles northeast of central Washington, D.C. Demographics are excellent with one and three-mile populations of 15,115 and 175,904 respectively. Investors should recognize the strength of this location due to these exceptional demographics, high barriers to entry, and stability provided by the greater Washington D.C. market.