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6 Back River Neck rd
Essex, MD 21221
O'Reilly Auto Parts · Retail Property For Sale
Investment Highlights
- NEW 10-YEAR LEASE WITH RAPIDLY EXPANDING AND CREDIT WORTHY O’REILLY AUTO PARTS
- MINIMAL LANDLORD RESPONSIBILITIES WITH RECENT CAPITAL IMPROVEMENTS AND BUILT-IN VALUE-ADD POTENTIAL
- DESTINATION USE OPPORTUNITY WITH A BUILT-IN, AND LOYAL, CUSTOMER BASE
- SUBSTANTIAL FRONTAGE ALONG BACK RIVER NECK ROAD WITH CONVENIENT ACCESS TO HEAVILY TRAFFICKED EASTERN BOULEVARD AND SOUTHEAST BOULEVARD
- POSITIONED WITHIN AN AFFLUENT AND DENSIFYING BEDROOM COMMUNITY OF ESSEX, MARYLAND WITH NEW AND ONGOING RESIDENTIAL DEVELOPMENT
Executive Summary
KLNB is pleased to present for sale the fee simple interest in the O'Reilly Auto Parts, a 9,000 SF freestanding pad site, positioned on 1.33 acres in Essex, Maryland. O’Reilly’s lease commenced in June 2025 and includes a 10% rental increase once during the base term, as well as in each option period, providing a built-in hedge against inflation. The property also presents a compelling value-add opportunity, featuring two vacant second-floor office suites totaling 3,500 square feet, in addition to a 0.75-acre vacant lot at 6 Back River Neck Road that is available for lease and/or outdoor storage. Positioned along Back River Neck Road, the asset benefits from consistent daily traffic of approximately 14,250 vehicles and offers convenient access to Old Eastern Avenue, Stemmers Run, and Eastern Boulevard. Having operated as Salvo Auto Parts for nearly 90 years, the property demonstrates a long-standing history of stable occupancy and an automotive use for the submarket, while offering immediate upside through the lease-up of the remaining vacant space.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
9,000 SF
Year Built/Renovated
1942/2025
Price
$1,542,000
Price Per SF
$171.33
Cap Rate
6.50%
NOI
$100,230
Percent Leased
100%
Building Height
3 Stories
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 15-1502574129 | Improvements Assessment | $0 |
| Land Assessment | $92,300 | Total Assessment | $92,300 |
Property Taxes
Parcel Number
15-1502574129
Land Assessment
$92,300
Improvements Assessment
$0
Total Assessment
$92,300
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