1511 Emancipation Hwy - Drug Store FOR SALE


Fredericksburg, VA 22401
$4,400,000 USD
703-787-4732
1511 Emancipation Hwy, Fredericksburg, VA for Sale
$4,400,000 USD
Drug Store - FOR SALE
1/8
null | 6.25% Cap Rate

1511 Emancipation Hwy
Fredericksburg, VA 22401


HIGHLIGHTS

  • 10 Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Direct Residential Consumer Base | Affluent Community | Demographics in 5-Mile Trade Area
  • Major Nearby Shopping Centers | Strong Tenant Presence | Mary Washington Hospital | University of Mary Washington
  • Signalized, Hard Corner Intersection | Centralized Location | Drive-Thru Equipped | Excellent Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped CVS Pharmacy investment property located in Fredericksburg, VA (Washington D.C. MSA). The tenant has 10 years of firm term remaining with an additional 10 (5-year) option periods left to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1963, CVS is the largest pharmacy chain in the United States with over 9,200 operating locations.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

CT

APN/PARCEL ID

7779-44-6385

ASK ABOUT THIS PROPERTY

Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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