Publix Super Markets’ Northernmost Store in Fredericksburg, VA Sells for Nearly $15.57 Million
Herndon, VA – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on the sale of a net-leased Publix Super Market for $15,568,085. This 49,098 square foot store, located at 9601 Jefferson Davis Highway in Fredericksburg, VA, is the northernmost store for the chain. Having just opened this July, the new Publix is part of Cosner’s Corner, home to a Super Target and Kohl’s.
Jonathan Hipp, Calkain’s President and CEO, represented the Silver Companies in the sale of this 20-year net leased asset. Prior to bringing the asset to market, Calkain’s Patrick Nutt represented a buyer in a 1031 Exchange who quickly submitted an LOI. Hipp stated, “Headquartered in Florida, Publix is a well-established dominant brand in the high demand grocery market sector. We had no doubt this asset would trade quickly.”
As it turns out, Publix exercised its Right of First Refusal and acquired the asset for itself.
Calkain Companies LLC is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, capital markets, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.