KLNB, the multi-service commercial real estate brokerage firm, announced Peter Snell, of KLNB’s Single Tenant Net Lease Group, has been selected as the exclusive agent to lead the disposition of a TD Bank located in Silver Spring, Maryland. The property is being offered for a purchase price of $7,317,333.

TD Bank has 8-years of term remaining on a ground lease with four, five year options thereafter. Having one of the highest deposit rates in the region, this investment has a coporate guarantee by TD Bank N.A. and is rated AA- by S&P.

“Investment grade, credit backed assests are going to be favored by investors. There are also several development projects coming to the immediate area making this an ideal investment opportunity for exchange buyers,” said Snell. “With the tenant’s commitment to the location, we are confident the property will yield multiple favorable offers.”

Located at 3132 Briggs Chaney Road, the TD Bank is conveniently situated at the signalized intersection of Briggs Chaney Road and Castle Boulevard. The neighborhood is experiencing a period of development and growth with over 7 million square feet of new construction within 3 miles of the site.

For more information about the TD in Silver Spring, Maryland, contact Peter Snell at (202) 420-7761 or psnell@klnb.com.

About KLNB

KLNB is a leading provider of commercial real estate services throughout the mid-Atlantic region, now celebrating its 50th year in business. An independently owned and operated commercial brokerage and real estate services firm, KLNB provides a variety of services including tenant and landlord representation, leasing, consulting, investment sales, property management and financing services. 80 full-time brokerage professionals work across KLNB’s four offices strategically located throughout the Washington, D.C. / Baltimore region. http://klnb.com