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AAA FLEET FACILITYBaltimore, MD

100% LEASED | NEW 15 YEAR LEASE | NEWLY RENOVATED | CREDIT TENANT

2 MPV PROPERTIES | MARK NEWELL 704.561 .5243A A A FLEET FACILIT Y

3 EXECUTIVE SUMMARY 11 PROPERTY PHOTOS

4 PROPERTY OVERVIEW 14 TENANT OVERVIEW

6 LOCATION MAP 15 MARKET OVERVIEW

7 MARKET AERIAL 18 DEMOGRAPHICS

8 SERVICE AREA 23 TRAFFIC COUNTS

9 BUILDING SITE PLAN 25 CONFIDENTIALITY AGREEMENT

10 PROPERTY SURVEY

Mark NewellPartner

[email protected]

Ryan WilnerPrincipal

[email protected]

2400 South Boulevard, Suite 300Charlotte, NC 28203

100 West Road, Suite 505Baltimore, MD 21204

TABLE OF CONTENTS

Offered exclusively by

mailto:mnewell%40mpvre.com?subject=AAA%20Fleet%20Facility

mailto:rwilner%40klnb.com?subject=AAA%20Fleet%20Facility

3 A A A FLEET FACILIT Y

ADDRESS 1730 WHITEHEAD ROAD BALTIMORE, MARYLAND 21207

BUILDING SIZE 38,200 SF

Initial NOI $322,721

SALES PRICE $5,378,683

PRICE/SF $141

CAP 6.0

RENT 10 percent escalation every 5 years

Investment Overview

Investment Highlights

• New 15 year lease term with escalations• NNN lease with new roof and HVAC• Credit tenant• Strategic location for tenant

The AAA Fleet Facility located at 1730 Whitehead Road is a single story mixed-use building renovated in 2017 that is home to AAA’s area fleet operations. The 38,200 square foot building is 100% leased to AAA Club Alliance, Inc. and houses 60 employees including managers, fleet operators, mechanics, and dispatch. Thirty fleet vehicles currently operate from this location, ranging from full-size rollback tow trucks to battery service vehicles.

In addition, the fleet vehicles are also serviced at this location as the interior is equipped with 3 vehicle lifts as well as other equipment that allows the staff to fully service the entire fleet. The large service market covered by this facility, which includes all of Baltimore County, Baltimore City, and the city of Columbia, make the location of this fleet facility of the utmost importance.

This location’s access to major interstate systems (I-70, I-83, I-95, I-695 and I-795), highways (MD-40 and MD-26), and thoroughfares is unmatched given the geographical area covered by this fleet facility and is in the ideal location to uphold their 30 minute response time.

EXECUTIVE SUMMARY

MPV PROPERTIES | MARK NEWELL 704.561 .5243

100%LEASED WITH NEW 15 YEAR

COMMITMENT FROM A A A


Property Specifications

PROPERT Y OVERVIEW

1 mile 3 mile 5 mile

2017 POPULATION 9,688 118,508 353,984

2017 AVG. HH INCOME $68,404 $69,581 $68,632

AADT

INTERSTATE 695 202,810

SECURITY BOULEVARD 35,470

WHITEHEAD ROAD 6,528

Demographics

Traffic Counts

BUILDING NAME AAA FLEET CENTER

LOCATION 1730 WHITEHEAD ROAD BALTIMORE, MARYLAND 21207

TENANT AAA CLUB ALLIANCE INC.

OCCUPANCY 100%

BUILDING SIZE 38,200 SQ FT

LOT SIZE 2.0734

NUMBER OF TENANT 1

NUMBER OF FLOORS 1

TAX PARCEL # 109300070

COUNTY BALTIMORE

OWNERSHIP FEE SIMPLE

ZONING ML

YEAR BUILT 1962

RENOVATED 2017

WALLS CONCRETE TILT

FLOOR CONCRETE

ROOF NEW - 2017

HVAC NEW - 2017

ACCESS ACCESS EASEMENT VIA WHITEHEAD RD


Lease Abstract

TENANT AAA CLUB ALLIANCE INC.

EXECUTED LEASE DATE JANUARY 12TH, 2017

RENT COMMENCEMENT OCTOBER 16TH, 2017

INITIAL TERM EXPIRATION OCTOBER 16TH, 2032

TERM 15 YEARS

SIZE 38,200 SF

ANNUAL RENT YEARS 1-5: $322,721.00YEARS 6-10: $354,933.10YEARS 11-15: $390,492.41

MONTHLY RENT YEARS 1-5: $26,893.42YEARS 6-10: $29,582.76YEARS 11-15: $32,541.03

RENT PER SF YEARS 1-5: $8.45YEARS 6-10: $9.29YEARS 11-15: $10.22

RENT ESCALATIONS 10% EVERY 5 YEARS

RENEWAL OPTIONS THREE 5-YEAR OPTIONS

LEASE TYPE NNN

ACCESS ACCESS EASEMENT VIA WHITEHEAD RD

PROPERT Y OVERVIEW

West BellShopping Center

Woodlawn High School

Security Blvd

Woodlawn Dr

Whitehead Rd

Meadows ParksShopping Center

122

695

695

70

70

LOCATION MAP


202,810 ADT

35,470 ADT

6,000 ADTEXIT 17

West BellShopping Center

Woodlawn High School

Meadows ParksShopping Center

SECURITY SQUARE MALL

WESTVIEW MALL

40 WEST PLAZA INGLESIDE SHOPPING CENTER

BOULEVARD PLACE SHOPPING CENTER

®

695

695

695

40

40

40

70

70

122


MARKET AERIAL

EXIT 17

BALTIMORE CITY

BALTIMORE COUNTY

COLUMBIA


A A A BALTIMORE FLEET SERVICE AREAS

SHADED AREAS = AAA Fleet Facility Territory

E

D

C

B

A

G

2 3 4 5 6 7 8 91

F

V.I.F.

216' - 0"

V.I.F.

89' - 10"

V.I.F

.

130'

- 6"

V.I.F.

126' - 2"

25' - 0" 25' - 0" 25' - 0" 25' - 0" 25' - 0" 30' - 0" 30' - 0" 30' - 0"

122MANAGER

102BREAK RM.

105WOMEN

103MEN

115

SUPERVISORS& LEADDRIVER

116

SAFETYCOORDINATOR

113LOCKERS

106

CHANGINGRM.

114

INTERNETCAFE

125

TRAININGROOM

123

VISITORSOFFICE

121HALL

TIRECHANGER

BRAKELATHE

TIREBALANCER

AIRCOMPRESSOR

117

TECH'SOFFICE

126

DATA /ELEC

101

FILE / SUPPLY/ COPY

110

MENRESTROOM

109

HEATERROOM

V.I.F

.

80' -

0"

10' -

0"20

' - 0"

20' -

0"20

' - 0"

20' -

0"20

' - 0"

20' -

0"20

' - 0"

20' -

0"20

' - 0"

20' -

0"

SERVICE BAY 1

SERVICE BAY 2

SERVICE BAY 3

TOO

L BO

XES

TOO

L BO

XES

TOO

L BO

XES

V.I.F

.

211'

- 0"

SPRINKLERRESERVE

104JAN.

EXISTING ELECTRICAL PANELS SPRINKLER MAIN

V.I.F.

216' - 0"

V.I.F

.

210'

- 6"

108PARTS CAGE

112

EQUIPMENTSTORAGE

120

EQUIPMENTSTORAGE

107

BATTERYCAGE

127

CONFERENCEROOM

118

PARTS / TIRECAGE

119SERVICE

128HALL

129

ADMIN &ENTRY

124

ONBOARDTRAINING /

CONF.COMBINATION

ROOM

EXEX

EX

112A

119B

EX11

9C

EX

EX

119A

112B

108

EX

A-111AA1

EX

EX

EX EX

EX

EX EX

A50

EXEX

EX

EX

EX

118

EXIS

TING

ELEC

TRIC

ALPA

NELS

EXEX

@18"GFCI @18"GFCI @18"GFCI

TIRECHANGER

CLEAR

15' - 0"

B1A-201

D1A-201

A1A-201

1127

BATTERIES

BATTERIESBATTERIES

BATTERIES

EQUI

PMEN

T ST

ORAG

EEQ

UIPM

ENT

STOR

AGE

1164

1165

1164

EX

111

111

SHAREDRESTROOM

@44"GFCI

A-401A2

117 W1

1

11

107

MIN.

6' - 0"

1

11169

A

B

C

SCALE: 1/16" = 1'-0"A1 CONSTRUCTION PLAN


SITE PL AN

G

G

GGGG

GG

GGG

G

WW

WW

WW

WWW

W

UGPUGP

UGP

UGP

UGP

UGP

X

XX

XX

XX

XX

WUGP

XXG


PROPERT Y SURVE Y


PROPERT Y PHOTOS

WAREHOUSE INTERIOR

TRAINING ROOM

CONFERENCE ROOM

SECURIT Y GATE


PROPERT Y PHOTOS

WAREHOUSE E X TERIOR

FRONT ENTRANCE BAY DOORS TOW FLEE T


PROPERT Y PHOTOS

INTERIOR HALLWAY BRE AK ROOM

OFFICE INTERIOR OFFICE E X TERIOR


TENANT OVERVIEW

AAA Club Alliance

AAA provides automotive, travel, and insurance services to 57 million members nationwide, and more than 937,000 members in Maryland. AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years. A not-for-profit, fully tax-paying member organization, AAA works on behalf of motorists with map routing assistance, local gas price referencing, discover discounts, and hotel booking, as well as their popular roadside assistance services.

AAA Club Alliance, formerly AAA Mid-Atlantic, serves residents of 13 states including Connecticut, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, Ohio, Kentucky, Indiana, Kansas, Oklahoma, South Dakota, and the District of Columbia.

INNOVATIONAAA takes the initiative to stay ahead

of the curve in emerging services

and technology. Their free app gives

members a variety of trusted solutions

on-the-go.

ROADSIDE AS SISTANCE

DISCOUNT S & RE WARDS

MANAGE MEMBERSHIP

FIND CHE AP GAS

BOOK TRAVEL

INSURANCE POLICY


MARKET OVERVIEW | BALTIMORE, MD



Economic Overview

Baltimore, the capital city of the state of Maryland, is located just 40 minutes north of our nation’s capital, Washington DC. Its proximity along the DC to Boston corridor, its thriving port and its easy access via air, rail and interstate make this city prime for continued growth and economic development.

The greater Baltimore area is home to over 2.8 million people and is currently growing at a pace faster than cities such as Philadelphia and Chicago. A key to this growth is the density of the millennial generation, as the area has a larger density of people aged 18-34 than most large MSA’s. Over the past 5 years, greater Baltimore has experienced a 6% growth in this millennial population making the area perfect for supporting continued economic development as the workforce continues to grow.

In the years since the recession, Baltimore has seen a steady decrease in unemployment to 4% as of December 2016, giving Baltimore the 8th lowest unemployment rate among the 25 largest metro areas. The greater Baltimore area is also home to 26 colleges and universities that will help continue to grow the population with a college degree and has already helped make Baltimore the 4th most educated region among large metro areas.

#13HAPPIEST CIT Y TO WORK IN

Forbes

#3HOT TEST DESTINATION OF 2016

Daily Beast

#3L ARGE METROS FOR START UP GROW TH

Kauffman Index

#1BEST PL ACE TO LIVE IN THE COUNTRY

Money Magazine, 2016

Source: EAGB 2016 Annual Report

* denotes global or regional headquarters

COMPANY NEW JOBS

Amazon 3,500

Under Armour 1,000

Morgan Stanley 800

Coastal Sunbelt Produce 400

Maryland Live Casino 400

Oceaneering International* 400

XPO Logistics 400

FedEx Distribution Center 300

IronNet Cybersecurity 260

Praxis Engineering* 250

Top New & Expanding Jobs

M&T BANK STADIUM JOHNS HOPKINS ORIOLE PARK

7. PRINCIPIO BUSINESS PARK

STATUS: In Progress SIZE: 1,000 acres; 6 million sq ft

CAPITAL INVESTMENT: Includes Lidl’s $100 million expansion, as well as Amazon’s $90 million expansion

TYPE: Warehouse, Industrial

STATUS: In Progress

SIZE: 3,100 acres; 15 million sq ft

CAPITAL INVESTMENT: $2 billion

8. TRADEPOINT ATLANTIC



Development

Over the last few years, Greater Baltimore has seen a resurgence of development projects throughout the entire region. In 2016, over 55 million square feet of development has been proposed, is in progress, or was completed region-wide. Of these projects, many are mixed use properties with office, residential, retail, and warehouse space.

Source: EAGB 2016 Annual Report

Carroll

Howard

Anne Arundel

Baltimore County

Balt. City

Harford

Cecil

3

4

5

1

12

8

10

11

6

7

2

9

STATUS: Completed in November 2016

SIZE: 50 acres; 380,000 sq ft

CAPITAL INVESTMENT: $140 million

TYPE: Mixed Use

1. FOUNDRY ROW

STATUS: In Progress

SIZE: 266 acres; 15 million sq ft

CAPITAL INVESTMENT: $5.5 billion

TYPE: Retail, Residential, Office, Industrial

9. PORT COVINGTON

STATUS: In Progress

SIZE: 45 acres; over 1.62 million sq ft


TYPE: Office, Retail, Residential, Educational Facilities

2. METRO CENTRE

STATUS: In Progress


TYPE: Office, Industrial, Retail, Residential

10. GREENLEIGH AT CROSSROADS

STATUS: Completed in June 2016

SIZE: 300,000 sq ft


TYPE: Retail

3. ELDERSBURG COMMONS

CARROLL COUNTY

STATUS: In Progress

SIZE: 165,000 sq ft


TYPE: Manufacturing

11. FRITO LAY

STATUS: In Progress

SIZE: 13 million sq ft

CAPITAL INVESTMENT: $2.3 billion

TYPE: Residential, Retail, Office

4. DOWNTOWN COLUMBIA

STATUS: In Progress, Phase I completed in 2016

SIZE: 400,000 sq ft in Phase II

CAPITAL INVESTMENT: $1.1 billion (All phases)

TYPE: Retail, Residential, Office

12. HARBOR POINT

STATUS: In Progress

SIZE: 1,620 acres; over 4.2 million sq ft


TYPE: Office, Retail, Warehouse, Residential

5. ODENTON TOWN CENTER

STATUS: In Progress

SIZE: 243 acres; 2.3 million sq ft

TYPE: Warehouse, Industrial

6. EASTGATE


DEMOGRAPHICS

Business SummaryBusiness Summary1730 Whitehead Rd, Gwynn Oak, Maryland, 21207 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 39.31639

Longitude: -76.74179Data for all businesses in area 1 mile 3 miles 5 milesotal Businesses: 45 3,032 9,307otal Employees: 26,473 53, 61 136,427otal Residential Population: 9,6 11 ,50 353,9 4

Employee Residential Population Ratio per 100 Residents 273 45 39Businesses Employees Businesses Employees Businesses Employees

by SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number Percentgri ulture Mining 5 0.6 1 0.3 2 0.9 259 0.5 101 1.1 742 0.5onstru tion 33 3.9 422 1.6 141 4.7 1,213 2.3 439 4.7 3,577 2.6

Manu a turing 17 2.0 511 1.9 63 2.1 1,223 2.3 1 0 1.9 3,767 2.ransportation 23 2.7 193 0.7 2 2.7 922 1.7 214 2.3 1,907 1.4ommuni ation 16 1.9 347 1.3 39 1.3 5 9 1.1 10 1.2 1,160 0.9tility 2 0.2 14 0.1 6 0.2 3 0.1 1 0.2 106 0.1

Wholesale rade 31 3.7 296 1.1 77 2.5 617 1.1 222 2.4 1, 01 1.3

Retail rade Summary 233 27.6 3,551 13.4 696 23.0 9,429 17.5 1,954 21.0 21,136 15.5ome mpro ement 4 0.5 21 0.1 20 0.7 4 7 0.9 4 0.5 96 0.7

General Mer handise Stores 7 0. 509 1.9 26 0.9 979 1. 6 0.7 2,3 5 1.7ood Stores 23 2.7 451 1.7 73 2.4 1,716 3.2 252 2.7 3,507 2.6uto ealers, Gas Stations, uto termarket 16 1.9 42 1.6 74 2.4 939 1.7 236 2.5 2,233 1.6pparel essory Stores 42 5.0 354 1.3 71 2.3 559 1.0 153 1.6 1,051 0.urniture ome urnishings 13 1.5 374 1.4 64 2.1 799 1.5 139 1.5 1,317 1.0

Eating rinking Pla es 72 .5 90 3.4 203 6.7 2,604 4. 554 6.0 6,470 4.7Mis ellaneous Retail 57 6.7 524 2.0 165 5.4 1,347 2.5 505 5.4 3,205 2.3

inan e, nsuran e, Real Estate Summary 79 9.3 55 3.2 304 10.0 2,4 1 4.6 9 5 10.6 7,02 5.2Banks, Sa ings Lending nstitutions 13 1.5 141 0.5 43 1.4 437 0. 153 1.6 1,271 0.9Se urities Brokers 5 0.6 30 0.1 1 0.6 0 0.1 66 0.7 392 0.3nsuran e arriers gents 23 2.7 105 0.4 60 2.0 462 0.9 161 1.7 1,130 0.

Real Estate, olding, Other n estment O i es 3 4.5 5 0 2.2 1 3 6.0 1,501 2. 605 6.5 4,235 3.1

Ser i es Summary 363 43.0 5,119 19.3 1,434 47.3 20,696 3 .4 4,462 47.9 71,266 52.2otels Lodging 9 1.1 172 0.6 16 0.5 376 0.7 2 0.3 734 0.5utomoti e Ser i es 23 2.7 103 0.4 131 4.3 72 1.4 354 3. 1,9 7 1.5

Motion Pi tures musements 20 2.4 191 0.7 70 2.3 699 1.3 195 2.1 1,396 1.0ealth Ser i es 5 6.9 1,540 5. 209 6.9 4,950 9.2 743 .0 22,604 16.6

Legal Ser i es 2 0.2 10 0.0 13 0.4 47 0.1 139 1.5 677 0.5Edu ation nstitutions Libraries 15 1. 644 2.4 62 2.0 2,413 4.5 250 2.7 12,244 9.0Other Ser i es 236 27.9 2,459 9.3 933 30. 11,4 3 21.3 2,752 29.6 31,623 23.2

Go ernment 13 1.5 15,035 56. 32 1.1 16,231 30.1 193 2.1 23,010 16.9

n lassi ied Establishments 31 3.7 49 0.2 131 4.3 164 0.3 433 4.7 92 0.7

otals 45 100.0 26,473 100.0 3,032 100.0 53, 61 100.0 9,307 100.0 136,427 100.0

Source: opyright 2017 n ogroup, n . ll rights reser ed. Esri otal Residential Population ore asts or 2017.Date Note: ata on the Business Summary report is al ulated using Esri’s Data allocation method whi h uses ensus blo k groups to allo ate business summary data to ustom areas.

anuary 16, 201

201 Esri Page 1 o 2


DEMOGRAPHICS

Business SummaryBusiness Summary1730 Whitehead Rd, Gwynn Oak, Maryland, 21207 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 39.31639

Longitude: -76.74179Businesses Employees Businesses Employees Businesses Employees

by N ICS Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number Percentgri ulture, orestry, ishing unting 1 0.1 3 0.0 2 0.1 7 0.0 4 0.0 14 0.0

Mining 0 0.0 0 0.0 0 0.0 0 0.0 1 0.0 0.0tilities 1 0.1 14 0.1 4 0.1 34 0.1 9 0.1 62 0.0onstru tion 37 4.4 462 1.7 152 5.0 1,319 2.4 474 5.1 3,946 2.9

Manu a turing 23 2.7 553 2.1 73 2.4 1,279 2.4 207 2.2 3, 0 2.Wholesale rade 26 3.1 274 1.0 64 2.1 573 1.1 191 2.1 1,697 1.2Retail rade 157 1 .6 2,606 9. 4 2 15.9 6,699 12.4 1,357 14.6 14,240 10.4

Motor ehi le Parts ealers 9 1.1 391 1.5 39 1.3 7 0 1.4 149 1.6 1, 60 1.4urniture ome urnishings Stores 6 0.7 33 0.1 36 1.2 253 0.5 62 0.7 441 0.3

Ele troni s pplian e Stores 0.9 34 1.3 23 0. 543 1.0 67 0.7 794 0.6Bldg Material Garden E uipment Supplies ealers 4 0.5 21 0.1 20 0.7 4 5 0.9 47 0.5 959 0.7ood Be erage Stores 1 2.1 421 1.6 73 2.4 1,699 3.2 25 2. 3,292 2.4ealth Personal are Stores 20 2.4 135 0.5 5 1.9 42 0. 171 1. 1,202 0.9

Gasoline Stations 7 0. 3 0.1 34 1.1 159 0.3 7 0.9 373 0.3lothing lothing essories Stores 53 6.3 415 1.6 4 2. 623 1.2 1 6 2.0 1,224 0.9

Sport Goods, obby, Book, Musi Stores 4 0.5 47 0.2 22 0.7 139 0.3 62 0.7 446 0.3General Mer handise Stores 7 0. 509 1.9 26 0.9 979 1. 6 0.7 2,3 5 1.7Mis ellaneous Store Retailers 14 1.7 199 0. 4 1.6 547 1.0 153 1.6 1,139 0.

onstore Retailers 0.9 51 0.2 19 0.6 65 0.1 47 0.5 126 0.1ransportation Warehousing 15 1. 116 0.4 65 2.1 966 1. 175 1.9 1, 34 1.3n ormation 27 3.2 613 2.3 73 2.4 1,074 2.0 217 2.3 2,394 1.inan e nsuran e 42 5.0 297 1.1 127 4.2 1,042 1.9 397 4.3 2, 7 2.1

entral Bank redit ntermediation Related ti ities 13 1.5 141 0.5 47 1.6 449 0. 163 1. 1,2 7 0.9Se urities, ommodity ontra ts Other inan ial n estments Other Related ti ities

6 0.7 52 0.2 19 0.6 130 0.2 70 0. 457 0.3nsuran e arriers Related ti ities unds, rusts

Other inan ial ehi les23 2.7 105 0.4 61 2.0 463 0.9 164 1. 1,143 0.

Real Estate, Rental Leasing 51 6.0 5 5 2.2 236 7. 1,662 3.1 70 7.6 4,391 3.2Pro essional, S ienti i e h Ser i es 55 6.5 677 2.6 215 7.1 2,673 5.0 764 .2 ,595 6.3

Legal Ser i es 3 0.4 14 0.1 19 0.6 65 0.1 172 1. 17 0.6Management o ompanies Enterprises 1 0.1 7 0.0 1 0.0 7 0.0 3 0.0 26 0.0dministrati e Support Waste Management Remediation

Ser i es43 5.1 616 2.3 156 5.1 3,66 6. 452 4.9 6,636 4.9

Edu ational Ser i es 15 1. 604 2.3 74 2.4 2,412 4.5 273 2.9 12,112 .9ealth are So ial ssistan e 6 10.2 2,0 0 7.9 359 11. 7,51 14.0 1,160 12.5 30,641 22.5rts, Entertainment Re reation 13 1.5 131 0.5 36 1.2 390 0.7 116 1.2 1,306 1.0

ommodation ood Ser i es 4 9.9 1,097 4.1 22 7.5 3,066 5.7 604 6.5 7,440 5.5ommodation 9 1.1 172 0.6 16 0.5 376 0.7 2 0.3 734 0.5

ood Ser i es rinking Pla es 76 9.0 925 3.5 211 7.0 2,6 9 5.0 576 6.2 6,705 4.9Other Ser i es e ept Publi dministration 122 14.4 653 2.5 522 17.2 3,076 5.7 1,569 16.9 10,3 1 7.6

utomoti e Repair Maintenan e 15 1. 67 0.3 97 3.2 495 0.9 263 2. 1,4 4 1.1Publi dministration 13 1.5 15,035 56. 32 1.1 16,231 30.1 193 2.1 23,010 16.9

n lassi ied Establishments 31 3.7 49 0.2 131 4.3 164 0.3 433 4.7 92 0.7

otal 45 100.0 26,473 100.0 3,032 100.0 53, 61 100.0 9,307 100.0 136,427 100.0Source: opyright 2017 n ogroup, n . ll rights reser ed. Esri otal Residential Population ore asts or 2017.Date Note: ata on the Business Summary report is al ulated using Esri’s Data allocation method whi h uses ensus blo k groups to allo ate business summary data to ustom areas.

anuary 16, 201

201 Esri Page 2 o 2


DEMOGRAPHICS

Executive Summary

E e uti e Summary1730 Whitehead Rd, Gwynn Oak, Maryland, 21207 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 39.31639

Longitude: -76.74179

1 mile 3 miles 5 milesPopulation

2000 Population 9,141 115,451 351,4042010 Population 9,372 116,30 349,0632017 Population 9,6 11 ,50 353,9 42022 Population 9,925 120,432 35 ,3 12000-2010 nnual Rate 0.25 0.07 -0.072010-2017 nnual Rate 0.46 0.26 0.192017-2022 nnual Rate 0.4 0.32 0.252017 Male Population 46.4 46.1 46.12017 emale Population 53.5 53.9 53.92017 Median ge 37.5 39.2 39.4

n the identi ied area, the urrent year population is 353,9 4. n 2010, the ensus ount in the area was 349,063. he rate o hange sin e 2010 was 0.19 annually. he i e-year pro e tion or the population in the area is 35 ,3 1 representing a hange o 0.25 annually rom 2017 to 2022. urrently, the population is 46.1 male and 53.9 emale.

edian e

he median age in this area is 37.5, ompared to .S. median age o 3 .2.ace and Ethnicity2017 White lone 11.0 1 .7 24.62017 Bla k lone 75.7 71.0 65.22017 meri an ndian laska ati e lone 0.3 0.3 0.32017 sian lone 6.1 5.0 5.2017 Pa i i slander lone 0.1 0.0 0.12017 Other Ra e 3.6 2.2 1.62017 wo or More Ra es 3.2 2. 2.42017 ispani Origin ny Ra e 7.6 5.0 3.9

Persons o ispani origin represent 3.9 o the population in the identi ied area ompared to 1 .1 o the .S. population. Persons o ispani Origin may be o any ra e. he i ersity nde , whi h measures the probability that two people rom the same area will be rom

di erent ra e ethni groups, is 54.7 in the identi ied area, ompared to 64.0 or the .S. as a whole.

ouseholds2000 ouseholds 3,613 45,359 136, 202010 ouseholds 3,646 45,942 135,5552017 otal ouseholds 3,714 46,263 136,2192022 otal ouseholds 3,7 3 46,7 2 137,4 72000-2010 nnual Rate 0.09 0.13 -0.092010-2017 nnual Rate 0.26 0.10 0.072017-2022 nnual Rate 0.37 0.22 0.192017 erage ousehold Si e 2.60 2.53 2.53

he household ount in this area has hanged rom 135,555 in 2010 to 136,219 in the urrent year, a hange o 0.07 annually. he i e-year pro e tion o households is 137,4 7, a hange o 0.19 annually rom the urrent year total. erage household si e is urrently 2.53, ompared to 2.50 in the year 2010. he number o amilies in the urrent year is 4,257 in the spe i ied area.

Data Note: n ome is e pressed in urrent dollarsSource: .S. ensus Bureau, ensus 2010 Summary ile 1. Esri ore asts or 2017 and 2022. Esri on erted ensus 2000 data into 2010 geography.

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201 Esri Page 1 o 2


DEMOGRAPHICS

Executive Summary



1 mile 3 miles 5 milesPopulation

2000 Population 9,141 115,451 351,4042010 Population 9,372 116,30 349,0632017 Population 9,6 11 ,50 353,9 42022 Population 9,925 120,432 35 ,3 12000-2010 nnual Rate 0.25 0.07 -0.072010-2017 nnual Rate 0.46 0.26 0.192017-2022 nnual Rate 0.4 0.32 0.252017 Male Population 46.4 46.1 46.12017 emale Population 53.5 53.9 53.92017 Median ge 37.5 39.2 39.4

n the identi ied area, the urrent year population is 353,9 4. n 2010, the ensus ount in the area was 349,063. he rate o hange sin e 2010 was 0.19 annually. he i e-year pro e tion or the population in the area is 35 ,3 1 representing a hange o 0.25 annually rom 2017 to 2022. urrently, the population is 46.1 male and 53.9 emale.

edian e

he median age in this area is 37.5, ompared to .S. median age o 3 .2.ace and Ethnicity2017 White lone 11.0 1 .7 24.62017 Bla k lone 75.7 71.0 65.22017 meri an ndian laska ati e lone 0.3 0.3 0.32017 sian lone 6.1 5.0 5.2017 Pa i i slander lone 0.1 0.0 0.12017 Other Ra e 3.6 2.2 1.62017 wo or More Ra es 3.2 2. 2.42017 ispani Origin ny Ra e 7.6 5.0 3.9

Persons o ispani origin represent 3.9 o the population in the identi ied area ompared to 1 .1 o the .S. population. Persons o ispani Origin may be o any ra e. he i ersity nde , whi h measures the probability that two people rom the same area will be rom

di erent ra e ethni groups, is 54.7 in the identi ied area, ompared to 64.0 or the .S. as a whole.

ouseholds2000 ouseholds 3,613 45,359 136, 202010 ouseholds 3,646 45,942 135,5552017 otal ouseholds 3,714 46,263 136,2192022 otal ouseholds 3,7 3 46,7 2 137,4 72000-2010 nnual Rate 0.09 0.13 -0.092010-2017 nnual Rate 0.26 0.10 0.072017-2022 nnual Rate 0.37 0.22 0.192017 erage ousehold Si e 2.60 2.53 2.53

he household ount in this area has hanged rom 135,555 in 2010 to 136,219 in the urrent year, a hange o 0.07 annually. he i e-year pro e tion o households is 137,4 7, a hange o 0.19 annually rom the urrent year total. erage household si e is urrently 2.53, ompared to 2.50 in the year 2010. he number o amilies in the urrent year is 4,257 in the spe i ied area.


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1 mile 3 miles 5 milesedian ousehold Income2017 Median ousehold n ome 57,0 56,361 52,0972022 Median ousehold n ome 60,1 0 59,129 54,3652017-2022 nnual Rate 1.06 0.96 0. 6era e ousehold Income

2017 erage ousehold n ome 6 ,404 69, 51 6 ,6322022 erage ousehold n ome 76,415 7 ,034 76,9222017-2022 nnual Rate 2.24 2.24 2.31

Per Capita Income2017 Per apita n ome 26,913 27,665 27,0912022 Per apita n ome 29, 0 30,709 30,1 32017-2022 nnual Rate 2.11 2.11 2.19

ouseholds by Incomeurrent median household in ome is 52,097 in the area, ompared to 56,124 or all .S. households. Median household in ome is

pro e ted to be 54,365 in i e years, ompared to 62,316 or all .S. households

urrent a erage household in ome is 6 ,632 in this area, ompared to 0,675 or all .S. households. erage household in ome is pro e ted to be 76,922 in i e years, ompared to 91,5 5 or all .S. households

urrent per apita in ome is 27,091 in the area, ompared to the .S. per apita in ome o 30, 20. he per apita in ome is pro e ted to be 30,1 3 in i e years, ompared to 34, 2 or all .S. households

ousin2000 otal ousing nits 3, 44 47,5 7 147,974

2000 Owner O upied ousing nits 2,147 27,543 79,2092000 Renter O upied ousing nits 1,466 17, 16 57,6112000 a ant ousing nits 231 2,22 11,154

2010 otal ousing nits 3,910 49,124 150,4 02010 Owner O upied ousing nits 2,061 27,627 76,5642010 Renter O upied ousing nits 1,5 5 1 ,315 5 ,9912010 a ant ousing nits 264 3,1 2 14,925

2017 otal ousing nits 3,9 6 49,943 153,9102017 Owner O upied ousing nits 1,97 26,643 73,4452017 Renter O upied ousing nits 1,736 19,619 62,7732017 a ant ousing nits 272 3,6 0 17,691

2022 otal ousing nits 4,067 50,704 156,7372022 Owner O upied ousing nits 2,024 26,920 74,1742022 Renter O upied ousing nits 1,759 19, 62 63,3122022 a ant ousing nits 2 4 3,922 19,250

urrently, 47.7 o the 153,910 housing units in the area are owner o upied 40. , renter o upied and 11.5 are a ant. urrently, in the .S., 55.6 o the housing units in the area are owner o upied 33.1 are renter o upied and 11.3 are a ant. n 2010, there were 150,4 0 housing units in the area - 50.9 owner o upied, 39.2 renter o upied, and 9.9 a ant. he annual rate o hange in housing units sin e 2010 is 1.01 . Median home alue in the area is 210,155, ompared to a median home alue o 207,344 or the .S. n i e years, median alue is pro e ted to hange by 1.59 annually to 227,374.


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DEMOGRAPHICS

Executive Summary



1 mile 3 miles 5 milesedian ousehold Income2017 Median ousehold n ome 57,0 56,361 52,0972022 Median ousehold n ome 60,1 0 59,129 54,3652017-2022 nnual Rate 1.06 0.96 0. 6era e ousehold Income

2017 erage ousehold n ome 6 ,404 69, 51 6 ,6322022 erage ousehold n ome 76,415 7 ,034 76,9222017-2022 nnual Rate 2.24 2.24 2.31

Per Capita Income2017 Per apita n ome 26,913 27,665 27,0912022 Per apita n ome 29, 0 30,709 30,1 32017-2022 nnual Rate 2.11 2.11 2.19

ouseholds by Incomeurrent median household in ome is 52,097 in the area, ompared to 56,124 or all .S. households. Median household in ome is

pro e ted to be 54,365 in i e years, ompared to 62,316 or all .S. households

urrent a erage household in ome is 6 ,632 in this area, ompared to 0,675 or all .S. households. erage household in ome is pro e ted to be 76,922 in i e years, ompared to 91,5 5 or all .S. households

urrent per apita in ome is 27,091 in the area, ompared to the .S. per apita in ome o 30, 20. he per apita in ome is pro e ted to be 30,1 3 in i e years, ompared to 34, 2 or all .S. households

ousin2000 otal ousing nits 3, 44 47,5 7 147,974

2000 Owner O upied ousing nits 2,147 27,543 79,2092000 Renter O upied ousing nits 1,466 17, 16 57,6112000 a ant ousing nits 231 2,22 11,154

2010 otal ousing nits 3,910 49,124 150,4 02010 Owner O upied ousing nits 2,061 27,627 76,5642010 Renter O upied ousing nits 1,5 5 1 ,315 5 ,9912010 a ant ousing nits 264 3,1 2 14,925

2017 otal ousing nits 3,9 6 49,943 153,9102017 Owner O upied ousing nits 1,97 26,643 73,4452017 Renter O upied ousing nits 1,736 19,619 62,7732017 a ant ousing nits 272 3,6 0 17,691

2022 otal ousing nits 4,067 50,704 156,7372022 Owner O upied ousing nits 2,024 26,920 74,1742022 Renter O upied ousing nits 1,759 19, 62 63,3122022 a ant ousing nits 2 4 3,922 19,250

urrently, 47.7 o the 153,910 housing units in the area are owner o upied 40. , renter o upied and 11.5 are a ant. urrently, in the .S., 55.6 o the housing units in the area are owner o upied 33.1 are renter o upied and 11.3 are a ant. n 2010, there were 150,4 0 housing units in the area - 50.9 owner o upied, 39.2 renter o upied, and 9.9 a ant. he annual rate o hange in housing units sin e 2010 is 1.01 . Median home alue in the area is 210,155, ompared to a median home alue o 207,344 or the .S. n i e years, median alue is pro e ted to hange by 1.59 annually to 227,374.


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DEMOGRAPHICS

Traffic Counts

ra i ount Map1730 Whitehead Rd, Gwynn Oak, Maryland, 21207 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 39.31639


Source: 2017 alibrate e hnologies

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1 mile

3 miles

5 miles


DEMOGRAPHICS

Traffic Counts

ra i ount Map - lose p1730 Whitehead Rd, Gwynn Oak, Maryland, 21207 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 39.31639


Source: 2017 alibrate e hnologies

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CONFIDENTIALIT Y AGREEMENT

AAA Fleet Facility, 1730 Whitehead Road, Baltimore, MD 21207

1. Evaluation Material, Representatives

The Receiving Party is considering a possible transaction with the Disclosing Party for the acquisition of real estate owned and operated by the Disclosing Party (the “Transaction”), and, to assist the Receiving Party in evaluating the Transaction, the Disclosing Party is prepared to make available to the Receiving Party certain materials relating to the Transaction, including, but not limited to, rent rolls, title information and leasing information (the “Evaluation Material”). As a condition to the Evaluation Material being furnished to the Receiving Party and its directors, officers, partners, employees, agents, advisors, attorneys, accountants, consultants, bankers, and financial advisors (collectively, “Representatives”), the Receiving Party agrees to treat the Evaluation Material in accordance with the provisions of this Agreement.

2. Excluded Information

The Evaluation Material shall not include information that: (i) is or becomes publicly available other than as a result of acts by the Receiving Party in breach of this Agreement; (ii) is in the Receiving Party’s possession before disclosure by the Disclosing Party or is independently derived by the Receiving Party without the aid, application, or use of the Evaluation Material; (iii) is disclosed to the Receiving Party by a third party on a non confidential basis; or (iv) must be disclosed by law pursuant to a court order.

3. Non-Disclosure of Evaluation Material

The Receiving Party and its Representatives shall use the Evaluation Material solely for the purpose of evaluating a possible Transaction between the Disclosing Party and the Receiving Party. The Receiving Party shall keep the Evaluation Material confidential and shall not disclose any of the Evaluation Material in any manner whatsoever; provided, however, that (i) the Receiving Party may make any disclosure of information contained in the Evaluation Material to which the Disclosing Party gives its prior written consent, and (ii) any information contained in the Evaluation Material may be disclosed to the Receiving Party’s Representatives who need to know that information for the purpose of evaluating a possible Transaction with the Disclosing Party.

4. Non-Disclosure of Existence of Negotiations

Without the prior written consent of the Disclosing Party, or unless required by law, neither the Receiving Party nor its Representatives shall disclose to any other person that it has received the Evaluation Material. Without the prior written consent of the other party, none of the Disclosing Party, the Receiving Party, or their Representatives shall disclose to any person that discussions or negotiations are taking place between the parties concerning a possible Transaction, including the status of those discussions or negotiations.

5. Return of Evaluation Material

Promptly upon the written request of the Disclosing Party, the Receiving Party will return all copies of the Evaluation Material to the Disclosing Party. All notes, studies, reports, memoranda, and other documents prepared by the Receiving Party or its Representatives that contain or reflect the Evaluation Material shall be destroyed.

6. Subpoena or Court Order

If the Receiving Party or anyone to whom it discloses the Evaluation Material receives a request to disclose all or any part of the Evaluation Material under the terms of a subpoena or other order issued by a court of competent jurisdiction or by a government agency, the Receiving Party shall: (i) promptly notify the Disclosing Party of the existence, terms, and circumstances surrounding such a request; (ii) consult with the Disclosing Party on the advisability of taking steps to resist or narrow that request; (iii) if disclosure of that Evaluation Material is required, furnish only such portion of the Evaluation Material as the Receiving Party is advised by counsel is legally required to be disclosed; and (iv) cooperate with the Disclosing Party, at the Disclosing Party’s expense, in its efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to that portion of the Evaluation Material that is required to be disclosed.

7. Definitive Agreement

Unless and until a definitive written agreement between the Disclosing Party and the Receiving Party with respect to the Transaction has been executed and delivered, neither the Disclosing Party nor the Receiving Party will be under any legal obligation of any kind whatsoever with respect to such a Transaction by virtue of this or any other written or oral expression by either of them, or their Representatives except, in the case of this Agreement, for the matters specifically agreed to herein, including any agreement to deal exclusively with each other.

8. Remedies

The Receiving Party acknowledges that if this Agreement is breached, the Disclosing Party could not be made whole by monetary damages. Accordingly, the Disclosing Party shall be entitled to an injunction to prevent breaches of this Agreement, and to an order compelling specific performance of this Agreement.

9. Entire Agreement

This Agreement represents the entire understanding and agreement of the parties hereto and may be modified or waived only by a separate writing expressly so modifying or waiving this Agreement signed by all parties hereto.

10. Term

This Agreement shall expire one (1) year from the date hereof.

11. Captions

The captions contained in this Agreement are for convenience only and shall not affect the construction or interpretation of any provisions of this Agreement.

LANDINDUSTRIAL RETAIL INVESTMENTOFFICE

mpvre.com

2400 South Boulevard, Suite 300Charlotte, NC 28203

Mark Newell

[email protected]

http://mpvre.com

mailto:mnewell%40mpvre.com?subject=

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