Advance Auto Parts | NNN Lease | Long Term Lease Extension
Corporate Guaranty | Avg HH Income of $114,609
Marketing description
Middle River, Maryland is a growing waterfront community within the Baltimore metropolitan area that benefits from strong regional connectivity, diverse employment opportunities, and proximity to major transportation infrastructure. Located along the eastern edge of Baltimore County near the Chesapeake Bay, the area has evolved into a desirable suburban market supported by stable residential demand and expanding logistics, aerospace, healthcare, and maritime-related industries. Residents benefit from access to Interstate 95, Interstate 695, the Port of Baltimore, and MARC commuter rail service, creating efficient connectivity to downtown Baltimore, Washington, D.C., and major Mid-Atlantic employment hubs.
The community's housing base includes a mix of established neighborhoods, newer suburban developments, and waterfront residential areas that continue attracting families and workforce households seeking affordability relative to nearby urban cores. Retail corridors throughout eastern Baltimore County support day-to-day consumer demand, while nearby White Marsh and downtown Baltimore provide additional employment and entertainment access. The presence of Martin State Airport, major industrial employers, healthcare systems, and distribution facilities strengthens the local economy and contributes to long-term regional stability. Continued public and private investment throughout the Baltimore region supports Middle River's positioning as a strategically located suburban market with access to both residential and employment growth drivers.
Investment highlights
- 2016 build-to-suit construction for Advance Auto Parts
- Recent long term lease extension, proving the tenants commitment to the location and market
- ±9.5-Years remaining on the base term of a NNN lease, with Three, 5-Year extension options
- Corporately guaranteed lease from Advance Auto Parts
- 5-Mile population of 236,426 residents
- Affluent demographics with an average household income of $114,609 annually
- Middle River is located roughly 15 minutes from downtown Baltimore
- Advance Auto Parts (NYSE: AAP) is one of the nation's largest automotive aftermarket parts providers, serving both professional installers and do-it yourself customers.
- Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
- Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.
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