6 Back River Neck Rd, Essex, MD 21221

NEW 10-YEAR LEASE WITH RAPIDLY EXPANDING AND CREDIT WORTHY O’REILLY AUTO PARTS

• O’Reilly’s lease commenced in June of 2025, and has one (1) 10% rental increase in its base term, and in each of the option periods, ensuring a hedge against inflation
• One of three O’Reilly Auto Parts stores within the Baltimore Metro area, displaying their expansion, commitment and success within the region
• O’Reilly Auto Parts is corporately guaranteed and has grown to 6,400 locations across 48 states, and recently opened 100+ locations in 2025 with continued growth plans in Maryland and the surrounding submarkets.
• Publicly traded (Nasdaq: ORLY) with a BBB credit rating from S&P and a Baa1 credit rating from Moody’s providing strong credit

MINIMAL LANDLORD RESPONSIBILITIES WITH RECENT CAPITAL IMPROVEMENTS AND BUILT-IN VALUE-ADD POTENTIAL

• O’Reilly is a corporately guaranteed lease, operating on a double-net (NN) reimbursement structure, with the tenant responsible for common area maintenance, taxes and insurance, minimizing landlord responsibilities.
• The facade/signage for the property was renovated in late 2025/early 2026, further minimizing the near-term landlord responsibilities
• The property features two vacant second-floor office suites totaling 3,500 SF, along with a vacant lot located at 6 Back River Neck Road (0.75 acres) available for lease and/or storage, offering multiple opportunities for immediate value creation
• The subject property consists of 3 parcels totaling 1.33 acres, creating high residual value, and flexibility with the asset long-term

SUBSTANTIAL FRONTAGE ALONG BACK RIVER NECK ROAD WITH CONVENIENT ACCESS TO HEAVILY TRAFFICKED EASTERN BOULEVARD AND SOUTHEAST BOULEVARD

• Excellent visibility along Back River Neck Road which sees steady traffic counts of 14,250 VPD with direct access to Old Eastern Avenue, Stemmers Run Road and Eastern Boulevard
• 0.5 miles and 0.3 miles from heavily trafficked Eastern Boulevard and Southeastern Boulevard, which see 26,600 VPD and 29,041 VPD respectively, both serve as primary thoroughfares through Essex
• Southeastern Boulevard is a feeder road into, and from, Interstate 695 (I-695) which sees approximately 151,623 VPD and is located directly behind the subject property
• Multiple points of ingress and clear pylon signage for O’Reilly maximizing the property’s access and visibility

POSITIONED WITHIN AN AFFLUENT AND DENSIFYING BEDROOM COMMUNITY OF ESSEX, MARYLAND WITH NEW AND ONGOING RESIDENTIAL DEVELOPMENT

• Approximately 197,159 residents within a 5-mile radius, with population expected to grow annually through 2030
• Average household income of approximately $97,000 within a 5-mile radius, with income levels expected to grow 2.11% annually through 2030
• Surrounded by new residential developments, including Waters Edge on Sue Creek, a 14-lot waterfront subdivision by Greenspring Homes with starting home prices in the upper $600K range, adding strong household incomes to the local customer base
• Located directly across the street from Renaissance Square, a 17-acre residential development that was delivered in 2012 and consists of an apartment building with 81 workforce housing units for seniors over the age of 62 and 115 units of for-sale housing of townhouses, detached cottages and two larger single-family home designs
• The combination of established neighborhoods and new construction expands the daytime and evening population, supporting tenant demand and foot traffic for the subject property

DESTINATION USE OPPORTUNITY WITH A BUILT-IN, AND LOYAL, CUSTOMER BASE

• Auto service-oriented asset that presents a true e-commerce resistant opportunity and a destination use opportunity
• Previously operated for over 90 years as a Salvo Auto Parts and was their corporate location since their founding
• Fierce and loyal customer base surrounding the subject property who is used to having an automotive use and option in close proximity to the larger community