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30089290
30089291

10701 Courthouse Rd, Fredericksburg, VA 22407

NS
NY 10401382020
SRS Real Estate Partners New York
BR
NY 10491212709
SRS Real Estate Partners New York
KF
NY 10401281546, NJ 2441197
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York
$2,850,000
108 days on market
Updated 91 days ago
Opportunity zone

CVS Pharmacy (Dark)

Details
APN Residential (R-2) within a Planned Unit Development (PUD) permitting C-2 uses
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 10,112
Cap Rate 7.97%
NOI $227,287
Tenancy Single
Brand/Tenant CVS Pharmacy
Lease Type Absolute NNN
Lease Term 31
Lease Expiration 01/31/2029
Remaining Term 2.6
Price per SqFt $282
Broker Co-Op Yes
Year Built 1998
Buildings 1
Stories 1
Acreage 1.110
Zoning Residential (R-2) within a Planned Unit Development (PUD) permitting C-2 uses
Parking Spaces 42 spaces
Parking Per SqFt 4.15
Investment Type Net Lease
Lease Commencement 02/10/1998
Ownership Fee Simple

Retail | 7.97% CAP | 10,112 SqFt

Investment highlights

  • Currently dark, creating a compelling value-add opportunity through future re-tenanting or redevelopment

  • Approximately 3 years of guaranteed rental revenue on the lease

  • Positioned at the signalized, hard-corner intersection of Courthouse Road (38,000 VPD) and Stoney Creek Drive (4,300 VPD)

  • Located just off Interstate 95 (119,000 VPD)

  • Situated within a dense retail corridor, steps from national brands including Wawa, Big Lots, Starbucks, Little Caesars, and Popeyes

  • Located just minutes from the newly built Veterans Administration Fredericksburg Health Care Center, the nation’s largest VA outpatient clinic (470,000 SF)

  • In close proximity to major retail destinations such as Four Mile Fork Center (1.9M annual visits) and Cosner’s Corner (5.1M annual visits), a top-performing Target-anchored neighborhood center ranking in the 99th percentile nationally among comparable centers according to Placer.ai

  • Supported by more than 122,400 residents (AHHI $130,168) in the 5-mile trade area

Listing Contacts

NS
NY 10401382020
SRS Real Estate Partners New York
BR
NY 10491212709
SRS Real Estate Partners New York
KF
NY 10401281546, NJ 2441197
SRS Real Estate Partners New York
Listed by SRS Real Estate Partners New York

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$227,287.00
$18,940.58/mo

Valuation Metrics

0
DSCR
7.97%
Cap Rate
7.97%
ROI

Map

Zoning

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R-2 ResidentialSingle FamilyResidential 2
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View all 23 uses
View all 23 uses
Last updated Feb 17, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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