1701 Carl D. Silver Pky - Fast Food FOR SALE


Fredericksburg, VA 22401
$2,939,400 USD
404-441-3849
1701 Carl D. Silver Pky, Fredericksburg, VA for Sale
$2,939,400 USD
Fast Food - FOR SALE
1/6
null | 4% Cap Rate

1701 Carl D. Silver Pky
Fredericksburg, VA 22401


HIGHLIGHTS

  • Northern Virginia’s Fastest-Growing Corridor
  • Rapidly Growing Trade Area
  • Affluent Demographics
  • Premier QSR Brand

OVERVIEW

CBRE is pleased to exclusively offer for sale the 4,055 SF McDonald’s situated on 1.12 acres in Fredericksburg, VA - a component of the broader Washington D.C. MSA. Rare 15% Bumps Every 5 Years: Originally set to expire in 2022, Tenant exercised its first of five renewal options, extending the lease through 2027. The lease currently has ±1.8 years of term remaining with 15% rent increases in the four remaining 5-year renewal options. Next option rent bump in November 2027 brings return up 60 basis points. Strong Intrinsic Value with Upside: 1.12 Acres on hard corner lit intersection. Below market rent! Excellent Access & Visibility: The property is situated with excellent frontage at the signalized hard-corner intersection of Carl D. Silver Parkway and Cowan Boulevard (19,000 VPD) just 0.5 mile west of Interstate 95 (Traffic Count: 165,000 VPD) which connects Fredericksburg with Washington D.C. (55 miles north) and Richmond (58 miles south). This is arguably the best corner of Central Park as it is easily accessible to all of the retail uses as well as Cowan Boulevard which is a frequently used thoroughfare to avoid traffic in and out of town. Central Park Advantage: Reflecting the sustained strength of the Fredericksburg retail market, Central Park has maintained a historic occupancy rate of over 95% for more than 15 years. Situated on a 2,400-acre site adjacent to the interchange of I-95 and Plank Road (Combined Traffic Count: 253,000 VPD), Central Park serves as a regional hub. As the largest power center on the East Coast, it is anchored by a diverse mix of national brands, including Target, Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, Best Buy, Hobby Lobby, DSW and Burlington, along with the high-traffic Regal Cinemas. The center features over 200 merchants and 50 restaurants, providing a comprehensive shopping and dining environment. Recent office expansions and the proximity of three major hotels (Hampton Inn, Hilton Garden Inn, and Homewood Suites) contribute to a robust daytime population that fuels local commerce.

FOR SALE DETAILS

PRICE

$2,939,400 USD

PRICE/SF

$722 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's: Fredericksburg, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,961 SF

ZONING

PDC

APN/PARCEL ID

7769-75-2907

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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