Royal Farms NNN — Oakland, MD

Updated November 2, 2026

$3,400,000 · 5.15% CAP · 19.3 YRS

Royal Farms gas station and c-store near Deep Creek Lake on a new 20-year corporate ground lease: $3,400,000 at a 5.15% cap on $175,000 rent, at the signalized corner of Glendale Rd and US-219. The package calls its lease dates estimates, so confirm them in the lease. That cap is 60 bps under the 5.75% median of 187 active listings.

Lease Abstract

Price

$3,400,000

Cap rate

5.15% CAP

NOI

$175,000

Term remaining

19.3 YRS

Lease type

Absolute NNN Ground Lease

Increases

10% every 5 years, base term and options

Options

6 x 5-year

Guarantee

Corporate

Building

4,648 SF

Lot

2.21 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

4,648 SF building, built 2026, 2.21 acres of land. Ground lease priced at $1,538,462 per acre. Rent increases: 10% every 5 years, base term and options. Renewal options: 6 x 5-year. Corporate guarantee. Primary term ends around 2046 (19.3 yrs left at listing, Nov 2026).

Location

Oakland, Maryland — 2 Rowland Hill, Oakland, MD 21550. Full address and offering memorandum released on request — see our Royal Farms tenant guide and the Maryland market page for the underwriting context.