Investment Overview

LONG-TERM CORPORATE GROUND LEASE WITH SCHEDULED RENT GROWTH Royal Farms has more than 13 years remaining on an absolute NNN ground lease featuring 10% rent increases every five years during the base term and six, five-year renewal options. The Tenant invested millions into the site’s improvements and operates a 24-hour convenience store (4,946 SF) and fuel station with two fueling canopies that include seven MPDs and three high speed diesel fuel dispensers. HIGH-VISIBILITY, SIGNALED CORNER LOCATION ALONG MAJOR COMMUTER CORRIDOR The Property occupies a rectangular 3.34-acre parcel at the signalized intersection of Moores Rd and MD Route 5 which allows northbound traffic to access the site via a curb cut. MD Route 5 (73,745 VPD) is one of Southern Maryland's primary north-south transportation corridors. The site is further supported by its proximity to US Route 301 (32,315 VPD), located just 1.5 miles south. BENEFICIARY OF SOUTHERN MARYLAND'S CONTINUED GROWTH Positioned along the Route 5 corridor connecting Prince George's, Charles, and St. Mary's Counties, the Property benefits from strong regional population growth and increasing commuter traffic. Charles County grew by 13.5% over the last decade, while St. Mary's County grew by 4.30%. New home subdivisions surround the site including a 324-unit townhouse development by Stanley Martin just a ½ mile north of site behind the subject location. STRONG PERFORMING ROYAL FARMS LOCATION According to Placer.ai, this location ranks within the top 40% of Royal Farms stores both chainwide and within the state of Maryland. The store generates more than 517,000 annual customer visits, reflecting strong consumer demand and market penetration. EXPANDING REGIONAL CONVENIENCE AND FUEL OPERATOR Royal Farms has grown into one of the Mid-Atlantic's premier convenience and fuel retailers, operating 321 locations across six states. The company has 80 new stores in the development pipeline, demonstrating a proven and disciplined growth strategy. AFFLUENT AND FAST-GROWING WASHINGTON, D.C. SUBMARKET Located approximately 20 miles southeast of Washington, D.C., the Property serves one of the region's fastest-growing suburban communities. The population within three miles has increased more than 35% since 2010 and is projected to grow an additional 5.36%, while average household incomes exceed $162,000.