2941 Plank Rd - Restaurant FOR SALE


Fredericksburg, VA 22401
$4,157,140 USD
202-599-8783
2941 Plank Rd, Fredericksburg, VA for Sale
$4,157,140 USD
Restaurant - FOR SALE
1/5
null | 5% Cap Rate

2941 Plank Rd
Fredericksburg, VA 22401


HIGHLIGHTS

  • Surrounded by national anchor tenants including Best Buy, Target, Walmart, Lowe’s, Hobby Lobby, PetSmart, Regal Cinemas, DSW, and more.
  • Immediately off I-95, serving as a key community stop between Washington, DC, and Richmond.
  • Signalized intersection, dedicated turn lane, and prominent pylon signage.
  • Positioned in the center of a dense cluster of major retailers, driving consistent consumer draw.
  • Lake frontage and a large outdoor patio enhancing customer experience and dwell time.
  • Fredericksburg offers a stable and growing economy with high median incomes and access to both DC and Richmond employment bases.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 6,100 SF Outback Steakhouse located at 2941 Plank Road in a strong retail corridor in Fredericksburg, VA. The property is secured with an Absolute Triple Net (NNN) Lease providing for no landlord responsibilities and 10% rental escalations every 5-years, making it a high-quality long term investment opportunity. Opened in 1995 and renovated in 2017, this property boasts a long-term, successfully operating business, modern amenities, and a well-maintained exterior. This opportunity presents a compelling prospect for investors seeking a stable and lucrative venture In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275

FOR SALE DETAILS

PRICE

$4,157,140 USD

PRICE/SF

$681 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback - Fredericksburg, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

PDC

APN/PARCEL ID

7769-62-6979

ASK ABOUT THIS PROPERTY

Cliff RobertsSands Investment GroupMore Info
202-599-8783

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Cliff RobertsSands Investment GroupMore Info
202-599-8783

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