Royal Farms
Retail | 5.00% CAP | 4,648 SqFt
Marketing description
Royal Farms signed a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for an attractive 10% rent increase every five years throughout the primary lease term and renewal options. The new construction gas station and convenience store is under construction and
rent commenced on March 1, 2026. The new construction Royal Farms is strategically positioned at the signalized intersection of Glendale Road and Garrett Highway (US Route 219), the area's primary north-south corridor, which connects Oakland with Interstate 68 and US Route 40 to the north and US Route 50 to the south, providing direct connectivity throughout Maryland, Pennsylvania, and West Virginia. The site is also situated near MD Routes 135 and 39, creating excellent accessibility for local residents, commuters, commercial traffic, and visitors traveling throughout the region. The Property is particularly well-suited for a gas station and convenience store given its location along a heavily traveled regional corridor. US Route 219 is the principal route connecting Interstate 68 with Oakland, Deep Creek Lake, Wisp Resort, and numerous outdoor recreation destinations. The combination of strong roadway visibility, convenient access, year-round tourism demand, and Oakland's role as the county's primary commercial center positions Royal Farms to benefit from a diverse customer base seeking fuel, foodservice, and convenience retail offerings throughout the day.
Investment highlights
LONG-TERM GROUND LEASE: Royal Farms has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The new construction gas station and convenience store is under construction and rent commenced on March 1, 2026.
ATTRACTIVE RENT INCREASES: The ground lease features an attractive 10.0% rent increase every five years throughout the primary lease term and the renewal option periods, providing the investor with an attractive hedge against inflation.
CORPORATE LEASE: Royal Farms convenience stores are one of the most sought-after triple net lease investment properties in the market today due to their strong corporate backing and excellent underlying real estate fundamentals. Royal Farms operates over 300 locations across seven states in the Mid-Atlantic region of the United States.
ZERO LANDLORD RESPONSIBILITIES: The Royal Farms ground lease requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, and repairs, making it an attractive investment for the passive real estate investor.
STRATEGIC RETAIL LOCATION: The new construction Property is situated at the southeast corner of Glendale Road and Garrett Highway (US Highway 219), the area’s primary commercial and commuter corridor. The Property is adjacent to a new construction Dollar General Market, across the street from McDonald’s, and is seconds from Deep Creek Lake and Deep Creek Lake State Park, two of the area’s largest draws for residents and visitors alike. Located eight miles north of Downtown Oakland, Royal Farms is ideally positioned to take advantage of an underserved trade area with limited fueling and shopping options. The Property is convenient to several Lodges and Inns and is 6-miles from Garrett College and Wisp Resort.
AREA DRIVERS: Deep Creek Lake, Maryland's largest freshwater lake, is a premier four-season destination nestled in the mountains of Garrett County. Spanning approximately 3,900 acres with 65 miles of shoreline. The lake offers a plethora of water-based activities. Visitors can enjoy boating, kayaking, paddleboarding, and fishing. Deep Creek Lake State Park provides a public beach, boat launches, and 20 miles of hiking and biking trails. The park's Discovery Center offers educational exhibits and programs, making it a family-friendly destination. In colder months, the area transforms into a winter wonderland. Wisp Resort, Maryland's only four-season downhill ski resort, features 34 trails, snow tubing, and a mountain coaster. The lake itself becomes a hub for ice fishing and snowmobiling when frozen.
LIMITED COMPETITION: Royal Farms is approximately 8-miles north of Downtown Oakland, the Property is adjacent to a new Dollar General Market, and the two stores encompass the primary shopping destination in the immediate area. The closest national retailers are Walmart Supercenter approximately 7 miles to the south, and Dollar General, 6 miles northwest in McHenry.
TRAFFIC COUNTS: More than 23,300 vehicles pass by the Property each day at the signalized intersection of Glendale Road and Garrett Highway.
DEMOGRAPHICS: Approximately 8,000 people live within 5 miles of the Property with an average household income of $160,918. More than 19,100 people live within 10 miles of the Property with an average household income of $122,068.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
