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.