Susquehanna Bank | $170M Deposits | NNN Ground Lease

Listing Susquehanna Bank | $170M Deposits | NNN Ground Lease Price:$4,416,323 Status:New On behalf of ownership, is pleased to exclusively offer for sale this ground leased Susquehanna Bank branch located in the Baltimore suburb of Hunt Valley, Maryland. In 2010, Susquehanna Bank, at its cost and expense constructed this attractive 3,650 SF branch with three drive thru’s and is situated upon a 0.887 acre parcel of land. The lease has approximately 11+ years of lease term remaining and attractive 10.5% rental increases every five years in the base term and options. Susquehanna is “Baa2” rated by Moody’s, which is Investment Grade. Susquehanna bank moved its Baltimore Regional Headquarters from Towson to Hunt Valley, MD back in 2006. They signed a long term lease in a “Class A” office building, which was a strategic move not only to increase the amount of square footage but also to have great access, visibility and signage from Interstate 83. The final part of the strategy was to find a retail bank branch that they could use to parlay off the new momentum of new Regional Headquarters, which was executed in 2008 when they signed the lease at this location on International Drive. Deposits at this branch have increased significantly year over year and now currently stand at $170,000,000 which is the highest amount of deposits for any Susquehanna bank branch in Baltimore County.

Susquehanna Bank | $170M Deposits | NNN Ground Lease