Listed by Coldwell Banker Elite Fredericksburg, Coldwell Banker Commercial Elite
$7,400,000
4300 Plank Road
Details
Property Type Retail
Sub Type Storefront
NOI $430,000
Occupancy 95%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 1990
Acreage 2.010
Zoning C2
Ownership Fee Simple
Retail
Marketing description
The Property is located less than 2 miles west of I-95 on Plank Road/Route 3, the most prominent retail and business corridor in the Fredericksburg Region. The property benefits from direct frontage and easy accessibility with over 70,000 vehicles traveling in front of the property daily.
The property not only benefits from its highly visible location along Route 3, but it’s proximity to other economic drivers including: (1) a 702 Space commuter lot, (2) Chancellor Center-a shopping center anchored by Food Lion, Aldi and Tractor Supply and (3) the densely populated housing communities surrounding the area (50,000+ residents within 3 miles).
Coldwell Banker Commercial Elite, is pleased to offer this 20,000 SF NNN Leased Multi-Tenant Retail /Professional Office Building for sale. The property is currently 95% occupied to a variety of solid tenants with strong leases in place. Tenants include Edward Jones, Mathnasium, US Army (recruiting office), Westside Medical, Radiant Wellness Massage, Art of Balance Yoga, Hair Mosaics and a dentist.
20,000 sq. ft. building for sale
95% Leased
Highly visible property located on Route 3 with over 70,000 VPD
Densely populated area with over 50,000 within 3 miles and 110,000 residents within 5 miles
Investment highlights
- 20,000 Sq. Ft. Building for Sale
- 95% Leased
- Landlord Will Master Lease Remaining 1,000 Sf for 1 Year
- Solid Leases With 3% Annual Increases
- Strong Occupancy History
- Highly Visible Property Located on Route 3 With Over 70,000 Vpd
- Densely Populated Area With Over 50,000 Within 3 Miles and 110,000 Residents Within 5 Miles
Listing Contacts
Listed by Coldwell Banker Elite Fredericksburg, Coldwell Banker Commercial Elite
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$430,000.00
$35,833.33/mo
Valuation Metrics
0
DSCR
5.81%
Cap Rate
5.81%
ROI
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