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Royal Farms 133 Glendale Road 4,648 SF Retail Building Oakland, MD 21550 $4,918,550 CAD ($1,058.21 CAD/SF) 5% Cap Rate
Investment Highlights
- New 20-Year Ground Lease with Rental Escalations
- Corporate Royal Farms Lease
- Strategic Retail Location
- Built-to-Suit Construction
- Zero Landlord Responsibilities
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Building Size
4,648 SF
Year Built
2026
Construction Status
Under Construction
Price
$4,918,550 CAD
Price Per SF
$1,058.21 CAD
Cap Rate
5%
NOI
$245,928 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.21 AC
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-069083 | Improvements Assessment | $1,363,732 CAD |
| Land Assessment | $816,371 CAD | Total Assessment | $2,180,103 CAD |
Property Taxes
Parcel Number
18-069083
Land Assessment
$816,371 CAD
Improvements Assessment
$1,363,732 CAD
Total Assessment
$2,180,103 CAD
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Royal Farms | 133 Glendale Road
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