Sandy Spring Bank, is subject to a NNN ground lease with more than five years remaining after they recently exercised a renewal. Sandy Spring Bank is a strong community banking network of 49 branches in the highly desirable market of Washington, D.C. including offices in central Maryland and Northern Virginia. Sandy Spring Bank is the largest subsidiary of parent Sandy Spring Bancorp. Inc., which is the oldest and largest publicly traded bank headquartered in Maryland. They reported assets of $4.6B in 2015. The Tenant' s deposits in this location have been trending upwards over the trailing five year period with a significant 26% increase in 2015. Several other banks also boast strong and growing deposits, namely neighboring PNC Bank and nearby Bank of America, BB&T and M&T Bank, which speaks to the viability of this bank location.

Location Description:

The Tenant is situated upon a 1-acre pad at the signaled corner of Mercantile Drive and Ballenger Creek Road. The Subject Property is well positioned immediately off the jug handle interchange with Route-270, which continues 45-miles southeast to Washington, D.C. This interchange features exceptional traffic counts with nearly 82,000 vehicles traveling on each Route-70 and Route-270 per day, with an additional 51,000 vehicles along Route-340. The bank features a three lane drive-thru and is cross-eased with a new 24,052-square-foot office building. It benefits from exceptional visibility and two points of access from Mercantile Drive. The Property is adjacent to Ballenger Creek Plaza, a 78,547-square-foot center anchored by Wolf' s Furniture and Dollar General and across from The Reserve at Ballenger Court apartment complex. Wawa and CVS have stores across the street which both bolster the location and speak to its dominance in the neighborhood marketplace. Additionally, this growing Washington, D.C. suburb has excellent demographics. There are more than 61,000 people within a three mile radius, a number that is anticipated to grow by an additional five percent by 2019.

Highlights:

>> Corporate Guarantee: The oldest and largest publicly traded bank headquartered in Maryland, 49 Locations

>> Reported assets of $4.6B in 2015

>> Recent Renewal of NNN Ground Lease; Indication of Tenant' s Commitment to Location

>> Upward Trending Deposits; 26% Increase in 2015

>> Rental Rate is At or Below Market for the Pad

>> Highly Desirable Washington DC MSA Location

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Sales Info:

>> Commision split: 0.0%