NN Lease | The lease is NN. Tenant is responsible for maintaining and repairing nearly all aspects of the subject property, including parking lot and property taxes. Landlord is responsible for building structure. Value Add Opportunity | Building is 68% occupied by Conduent Business Services. The 17,731 SF vacancy is located in a leasable self-contained second floor space and is already built out as office space. Zero Operating Expense Leakage | Provided they are the sole tenant, Conduent is responsible for 100% of the Property’s common area maintenance expenses, real estate taxes, insurance and utilities. Corporate Guarantee | The tenant's lease is guaranteed by Conduent Incorporated (NYSE: CNDT); highly ranked by Moodys for its financial strength and performance and was given a Ba3 rating with a "stable outlook". S&P Ratings affirms a BB- rating. Annual Rental Increases | The lease provides for 2.75% rental increases every year for the initial term. Below Market Rent | The average in-place rental rates in the Glen Burnie market for Flex/Class B office spaces are $15.00/SF. Conduent is paying $14.00/SF which is slightly below the market average, offering upside to a new owner if space were ever recaptured and re-tenanted. Available Option Periods | Tenant has one (1), one (1) year option and one (1), five (5) year option. Unique Facility Attributes | The building has two 1,600 ampere, 480/277 volt, three-phase, four wire AC switches, with an Uninterruptable Power Source, and a 750 kilowatt diesel-powered back-up generator. The Property boasts an above average parking allocation by providing 236 spaces at a 4.23/1000 ratio. The Property also has a loading dock which serves a critical purpose for the tenant's daily business.