5635 Plank Rd, Fredericksburg, VA 22407, Fredericksburg, VA 22407
sale
$5,640,000
|
Retail
Courtesy Of Coldwell Banker Commercial Elite
The property fronts Plank Road (Route 3), the primary east-west retail corridor connecting Fredericksburg to I-95, and sits among the area's most productive big-box and grocery-anchored centers. This corridor benefits from the same growth drivers reshaping the broader Fredericksburg market - the FredEx I-95 express lane extension, continued residential build-out, and the region's expanding data-center and logistics economy. POSITIONED AS AN OUTPARCEL TO HARRISON CROSSING, A +/-400,000 SF POWER CENTER ANCHORED BY HOME DEPOT AND GIANT FOOD LOCATED DIRECTLY ALONG PLANK ROAD (ROUTE 3) - 74,000 VEHICLES PER DAY MINUTES FROM DOWNTOWN FREDERICKSBURG'S HISTORIC DISTRICT 5635 Plank Road is fully leased to five national and credit-rated retail and restaurant concepts - Wingstop, AT&T (Prime Communications), Jersey Mike's Subs, Supercuts, and Burger King. Each operator brings a proven, multi-thousand-unit national footprint to the center, providing a next owner with durable, diversified cash flow and minimal releasing risk. 5635 Plank Road sits as an outparcel to Harrison Crossing, a +/-400,000 SF power center anchored by Home Depot and Giant Food. The overall Harrison Crossing development maintains a vacancy rate of less than 2%, underscoring the strength and stability of this retail node and the daily co-tenancy traffic the subject property benefits from. ADDRESS - 5635 Plank Road, Fredericksburg, VA 22407 PROPERTY TYPE - Multi-Tenant Retail Strip Center w/ Drive-Thru ACREAGE - 1.23 Acres OCCUPANCY - 100% Leased TOTAL GLA - 8,037 SF NUMBER OF TENANTS - 5 (all national tenants) NET OPERATING INCOME - $313,853 PRICE - $5,640,000 CAP RATE - 5.56%
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Property Features
- Architecture Style: Other
- MLSID: M4LMDH
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