Property Details

Wells Fargo

Front Royal, VA
Property ID: 2276

Financial Summary

Asking Price $4,284,211
Cap Rate 4.75%
Net Operating Income (NOI) $203,500
Lease Type Ground Lease
Lease Term Remaining 11 Years
The Offering Memorandum for this property is no longer available.

Contact

Rick Fernandez
Senior Managing Director
703.787.4732

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Highlights

  • 20 year ground lease with increases in option years
  • Next 10% increase in 2017
  • Building becomes the property of ground lease owner at termination
  • Approximately $1.3Mil in building construction costs
  • Located in the "New Downtown" of Front Royal anchored by Super Target, Super Walmart, Lowes and the retail tenants of the Crooked Run and Riverton Commons
  • These regional centers draw from communities along Interstate 66 and 81
  • Outstanding retail location 1hr from Washington, DC
  • Located at busy Interstate 66 interchange
  • Guaranteed by Wells Fargo Bank, a Fortune 500 Company

Location

256 Crooked Run Plaza
Front Royal, VA

Traci BidingerWells Fargo