Property Details

Leonard Buildings and Truck Accessories

Fredericksburg, VA
Property ID: 4645

Financial Summary

Asking Price $1,253,333
Cap Rate 6.75%
Net Operating Income (NOI) $84,600
Lease Type NNN
Increases 14% in Year 6, 10% Every 5 Years in Options
The Offering Memorandum for this property is no longer available.

Contact

Ryan Lorey
Director
703.787.3892
Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • Ideal location for industrial, distribution, office, retail, automotive facility with easy access to I-95
  • Located at hard signalized corner of two major arterial roadways with 31,000+ VPD
  • Newly executed 10 year lease with two (2), five (5) year options to renew
  • 14% rent increases in year 6
  • Zoned C-H (commercial highway) for any future development
  • National and regional tenants in the immediate area - CVS, Planet Fitness, 7-Eleven, McDonald’s
  • 40,000+ households within 5 mile radius and projected to increase by 10% by 2021
  • 58 locations in 5 states TN, SC, VA, WV & NC

Location

1401 Jefferson Davis Hwy
Fredericksburg, VA

Leigh ClineLeonard Buildings and Truck Accessories