133 Glendale Road - Convenience Store FOR SALE


Oakland, MD 21550
$3,500,000 USD
240-997-1884
133 Glendale Road, Oakland, MD for Sale
$3,500,000 USD
Convenience Store - FOR SALE
1/5
null | 5% Cap Rate

133 Glendale Road
Oakland, MD 21550


HIGHLIGHTS

  • New 20-Year Ground Lease with Rental Escalations
  • Built-to-Suit Construction
  • Corporate Royal Farms Lease
  • Zero Landlord Responsibilities
  • Strategic Retail Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$753 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Farms

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Garrett Highway

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

18-091628

ASK ABOUT THIS PROPERTY

Hill KanellosHorvath & TremblayMore Info
240-997-1884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Hill KanellosHorvath & TremblayMore Info
240-997-1884

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.