1699 Carl D. Silver Pky - Fast Food FOR SALE


Fredericksburg, VA 22401
$2,750,000 USD
202-286-1542
1699 Carl D. Silver Pky, Fredericksburg, VA for Sale
$2,750,000 USD
Fast Food - FOR SALE
1/12
null | 5% Cap Rate

1699 Carl D. Silver Pky
Fredericksburg, VA 22401


HIGHLIGHTS

  • Early Extension w/ 13+ Years Remaining | Corporate Guaranteed Lease | Scheduled Rental Increases | Options To Extend
  • Absolute NNN Ground Lease | Land Ownership | No Landlord Responsibilities
  • Fronting Carl D. Silver Parkway | Directly Off Interstate 95 | Central Park Plaza | Strong Retail Corridor
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• Early Extension with 13 years remaining with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease is corporate guaranteed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores • This is the only free-standing Starbucks drive-thru in the immediate trade area, with the next closest Starbucks being nearly 2 miles away • The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$965 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Starbucks - Fredericksburg VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

PDC

APN/PARCEL ID

7769-75-4619

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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