9616 Harford Rd, Parkville, MD 21234

CORPORATELY GUARANTEED, LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE

• Walgreens executed a brand new, long-term 15-year lease in February of 2024, displaying their long-term commitment to the market
• Absolute Triple Net (NNN) Lease with no landlord responsibilities; tenant is responsible for all expenses and maintenance/management of the real estate offering a true hands-off investment opportunity
• Walgreens was acquired by Sycamore Partners, a private equity firm with expertise in retail turnarounds, in an approximate $10B deal that closed in August of 2025, in which Walgreens was valued at up to $23.7B
• Walgreens is regularly among the largest American companies by revenue, and was ranked #26 on the 2025 Fortune 500 list

STRONG VISIBILITY WITH DIRECT ACCESS ALONG HIGHLY TRAFFICKED EAST JOPPA ROAD AND HARFORD ROAD

• Walgreens benefits from strong combined traffic counts of 52,785 VPD between East Joppa Road and Harford Road, maximizing the property's exposure to the submarket
• The property has two points of access, one from East Joppa Road and the other from Harford Road
• The subject property has two pylon signs and can be easily seen from both corridors and the hard corner, lighted intersection
• I-695, a primary Baltimore metro thoroughfare which sees approximately 165k VPD, sits 0.7 miles from the property

LOCATED ALONG ONE OF THE STRONGEST RETAIL NODES IN THE BALTIMORE MSA AND SURROUNDED BY HIGH PERFORMING NATIONAL RETAILERS

• Joppa Road is one of the active retail corridors in Baltimore County that is both heavily trafficked but also a premier retailer destination
• Weis anchored, Carney Village Shopping center is directly across from the subject property, and the only grocery store within the 1.6 miles which will continue to draw demand from retail tenants
• Dunkin' is opening a drive-thru location directly across the street from the subject property in a former Bank of America pad site
• A high performing Wendy's is located across the street on the Southeast corner of the intersection
• CVS built a brand-new location on the Southwest corner of the intersection in 2020

EXTREMELY DENSE, AND RAPIDLY DEVELOPING, AFFLUENT SUBMARKET OF

BALTIMORE COUNTY

• 116,470 residents earning an average household income of $112,509 within a 3-mile radius, with both expected to increase annually through 2030
• 281,709 residents and approximately 122,000 homes within a 5-mile radius
• Numerous new single family, townhome and apartment projects have been delivered within proximity over the past 10 years
• The asset sees 482k annual visits, per Placer.ai, ranking 3rd amongst all Walgreens locations in Maryland, and in the top 92nd percentile nationwide
• This location ranks in the top 95th percentile of all pharmacies nationwide for customer visits, per Placer.ai, underscoring its dominance for Walgreens
• Walgreens has been at this location since 1995, reinforcing their success within the market

LARGE PARCEL WITH HIGH RESIDUAL VALUE IN A LAND CONSTRAINED SUBMARKET OF

BALTIMORE COUNTY

• Walgreens sits on a large 1.804-acre parcel creating high residual value in the investment
• The asset is located in an extremely dense bedroom community, and directly off one of the County's main retail corridors (Joppa Road), with limited opportunities for ground-up development
• The fact that Walgreens took occupancy after construction in 1995, one off the hard corner, speaks to their belief in this corridor and the overall strength of the submarket

HIGH PERFORMING LOCATION WITH LONG-TERM HISTORICAL OCCUPANCY

• The asset sees 482k annual visits, per Placer.ai, ranking 3rd amongst all Walgreens locations in Maryland, and in the top 92nd percentile nationwide
• This location ranks in the top 95th percentile of all pharmacies nationwide for customer visits, per Placer.ai, underscoring its dominance for Walgreens
• Walgreens has been at this location since 1995, reinforcing their success within the market