10400 Courthouse Road, Spotsylvania, VA 22553

Brian Cunningham, CCIM

PRO

Carl Braun

Listed by Coldwell Banker Elite Fredericksburg, Coldwell Banker Commercial Elite

$5,500,000

2941 days on market

Updated 31 days ago

Hilltop Plaza

Details

APN

35-6-1

Property Type

Retail, Industrial (+1)

Sub Type

Manufacturing, Commercial

Cap Rate

6.5%

NOI

$357,420

Occupancy

96%

Tenancy

Multi

Lease Type

Absolute NNN

Year Built

1990

Stories

Acreage

1.920

Zoning

Parking Spaces

79 spaces

Ownership

Fee Simple

Retail | 6.50% CAP

Marketing description

Welcome to Hilltop Plaza, a 100% fully leased premier retail destination located on Courthouse Road/Route 208 in Spotsylvania County, Virginia. A terrific investment opportunity Situated near the intersection with Leavells Road, Hilltop Plaza enjoys direct frontage, easy accessibility, and exceptional visibility at a signalized intersection, with over 44,000 vehicles passing daily. The property is adjacent to prominent establishments such as Giant Grocery Store, Honest One Auto, Taco Bell, Burger King, McDonald's, and numerous other retail and office businesses, making it a highly desirable location for attracting a steady flow of customers. Experience the vibrant community at Hilltop Plaza, where prime location meets exceptional visibility and accessibility. Please see Offering Memorandum in Documents section.

Investment highlights

16,500 SF Multi-Tenant Retail/Office Building for Sale
1.92 Acre Lot
96.7% Leased
National, Regional, & Local tenants with Strong leases complimented by 3% and 5% annual increases
Strong occupancy history
Prime frontage on Route 208/Courthouse Road with traffic Counts in excess of 44,000 ADT
Situated at a fully Signalized intersection
Adjacent to a Giant Grocery store, PNC Bank, Well Fargo, Burger King and McDonalds
Densely populated area with over 50,000 residents within 3 miles and over 100,000 within 5 miles
Located in Spotsylvania County-projected to be the 2nd fastest growing suburb of D.C. through 2040