Royal Farms NNN Properties for Sale (1 Listing)
1 active listing · Updated November 2, 2026
Royal Farms on this page means one live deal: a new store at the signalized corner of Glendale Rd and Garrett Hwy (US-219, 23,300+ VPD) in the Deep Creek Lake area of Garrett County, Maryland, about 8 miles north of downtown Oakland. It sits next to a new Dollar General Market and is minutes from Deep Creek Lake and Wisp Resort, per the offering package.
The asking cap is 5.15%. That is a single listing, not a market average. Everything else on the site is under properties for sale.
Quick Facts
- Typical cap range
- 5.15–5.15%
- Lease type
- Absolute NNN ground lease on the listed Oakland, MD site
- Typical term
- 20-year base term on the listed site, six 5-year options
- Credit
- Private company; no credit rating stated in the listed package
- Guarantee
- Corporate (Royal Farms) on the listed site, per the package
Royal Farms Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
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Ground lease, not a building
You buy the land and collect ground rent. The tenant handles roof, structure and all maintenance, and the package lists zero landlord responsibilities. There is little or no building to depreciate, so compare the after-tax yield, not just the cap, against fee-simple c-store deals like Wawa or 7-Eleven.
The dates need checking
Rent began March 2026 and the lease runs to February 2046, about 19.3 years left, plus six 5-year options. The package itself flags those dates as estimated. Get the commencement letter before you rely on the term, and run it through the lease expiry calculator.
Nearby state pages
Maryland is where the listed store is. Virginia and Pennsylvania are linked as neighboring state pages on this site, not as a claim about where Royal Farms operates.
Royal Farms NNN FAQs
What Royal Farms NNN property is listed right now?
One: a new-construction Royal Farms gas station and c-store at 2 Rowland Hill in Oakland, Maryland, 4,648 SF on 2.21 acres. It asks $3,400,000 at a 5.15% cap on $175,000 of rent, on an absolute NNN ground lease.
Who guarantees the Royal Farms rent?
The package for the Oakland site says the lease is corporate, to Royal Farms. Royal Farms is a private company and the package states no credit rating, so underwrite the operator from what the seller will share, not from a ticker.
How does the rent grow on the Oakland Royal Farms?
Rent steps up 10% every five years: $175,000 now, then $192,500 in 2031, $211,750 in 2036 and $232,925 in 2041, with another 10% at each of six 5-year options, per the package.
What should a buyer check first?
The package says the lease dates are estimates and that the store was still under construction even though rent commenced on March 1, 2026. Confirm commencement and expiry in the lease. The tenant also holds a 30-day right of first refusal, which affects how a sale can be run.
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