10046 Jefferson Davis Hwy - Auto Repair FOR SALE


Fredericksburg, VA 22407
$1,300,000 USD
703-395-3123
10046 Jefferson Davis Hwy, Fredericksburg, VA for Sale
$1,300,000 USD
Auto Repair - FOR SALE
1/4
null | 7% Cap Rate

10046 Jefferson Davis Hwy
Fredericksburg, VA 22407


HIGHLIGHTS

  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • High Traffic Counts (59,000 vehicle per day)
  • 3% rental increases every years providing a hedge against inflation
  • Dense residential trade area – 207,767 residents within a 10-mile radius of the subject property
  • Leased to Meineke, a nationally recognized automotive repair brand with over 700 locations across the U.S. and Canada.
  • Situated along Jefferson Davids Hwy (Patriots Hwy), a heavily traveled thoroughfare seeing 59,000+ VPD, providing excellent visibility and accessibili

OVERVIEW

Fortune Realty is pleased to exclusively offer for sale the Meineke 4,484SF situated on 0.52 acres in Fredericksburg, VA, a component of the broader Washington D.C. MSA. Strategically located just off Exit 126 of Interstate 95(0.5 mile), heavily traveled Patriot Highway (Route 1), ensuring a strong consumer draw and steady traffic flow (59,000 Daily Traffic counts). Originally set to expire in 2030, Tenant has its renewal option, extending the lease through 2035. The lease currently has +4.3 years of term remaining with 3% annual rent. The lease feature 3% rental increases every year at the beginning of option period. Please DO NOT disturb the current operator!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meineke l Absolute NNN l Fee Simple

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,215 SF

ZONING

C-3

APN/PARCEL ID

35-17-D1

ASK ABOUT THIS PROPERTY

Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

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Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.