New, Long-Term 15-Year Absolute Triple Net (NNN) Ground Lease with 10% increases every 5 years, including in their five, five-year options; Zero Landlord Responsibilities
Corporately Guaranteed; A+ S&P Credit Rating for JP Morgan Chase Bank, NA – the largest financial institution in the United States
Excellent visibility and direct access from Three Notch Road (60,743 VPD) with additional shopping center access off the intersection of Three Notch Road and Old Rolling Road
Strategic location for the brand with limited national competition, one of four bank branches in the zip code, including neighboring Truist Bank with $131M in Deposits
Located on a sizable 1.2099 Acre outparcel, with double drive-thru lanes, of South Plaza Shopping Center, 98% leased with destination retailers including Best Buy, Petco, Old Navy and Ross
Dominant positioning in established Retail Corridor with substantial regional retail draw via neighborhood tenancy: Lowe’s (#1/30 in MD), Walmart (#7/45 in MD), Target (#8/37 in MD) according to Placer.Ai, all of which are the only locations in St. Mary’s County
South Plaza Shopping Center has the 3rd/28 highest trafficked Petco, 8th/47 highest trafficked Five Guys, 12th/47 highest trafficked Panera Bread, in the State of Maryland
Insulated Submarket less than four miles from Naval Air Station Patuxent River, St. Mary’s County’s largest employer with a workforce of 18,000 people, one of the largest Child Development Centers in the Navy and a future $40 million, 110,000 SF housing military complex development
Affluent and growing submarket with 50,300+ residents with average household incomes of $122,00+ in a 5-mile radius
Commercial Real Estate Services
