Wells Fargo (Recent Lease Renewal)
Corporate Ground Lease With 5.7 Years Remaining and 10 Percent Rental Increases in Option Periods
Marketing description
Offered for sale is a ground lease Wells Fargo located in Fredericksburg, Virginia. The property features a 4,051-square-foot freestanding branch on a 1.33-acre parcel with direct frontage and signalized access along Warrenton Road (US Route 17). The site is an outparcel to the Giant Food-anchored Banks Ford Shopping Center within the Celebrate Virginia North mixed-use development and has operated at this location for 19 years. Nearby retailers include Lowe’s, Aldi, Wawa, CVS, Chick-fil-A, Panda Express, Five Guys, and Chase Bank.
Investment highlights
Excellent Visibility Along Warrenton Road (US Route 17) – 59,963 VPD
Outparcel to Giant Food-Anchored Retail Center Within Celebrate Virginia North
19-Year Operating History at This Location
Located Between Washington, D.C. and Richmond
Affluent Trade Area With $146K+ Average Household Income (Three-Mile Radius)
US Route 17 Commercial Corridor Anchored by GEICO, Lowe’s, Giant Food, and Regional Employment Drivers
Investment-Grade Tenant (S&P: A-)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
