Property Details

Chancellor Shopping Center (Tractor Supply/Aldi/Paragon Gymnastics)

Fredericksburg, VA
Property ID: 10495

Financial Summary

Asking Price $11,275,000
Cap Rate 7.00%
Net Operating Income (NOI) $788,996
Lease Type NN
Lease Term Remaining Varies

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • 100% stabilized shopping center; early lease renewals
  • Recent lease extensions by Aldi and Tractor Supply Co.
  • Structured rent growth in all leases
  • Additional value-add potential on 2 pad sites (separately available)
  • 102,548 SF of retail on 8.5+/- acres
  • Interstate location with 53,000 VPD
  • Long-term leases with rent increases in the primary lease term & options
  • Washington, DC MSA; Fredericksburg is one of the fastest growing regions in Virginia

Location

4171 Plank Rd
Fredericksburg, VA

Traci BidingerChancellor Shopping Center (Tractor Supply/Aldi/Paragon Gymnastics)