35 Banks Ford Pky - Bank FOR SALE


Fredericksburg, VA 22406
$4,043,000 USD
972-755-5205
35 Banks Ford Pky, Fredericksburg, VA for Sale
$4,043,000 USD
Bank - FOR SALE
1/4
null | 6.75% Cap Rate

35 Banks Ford Pky
Fredericksburg, VA 22406


HIGHLIGHTS

  • Corporate Ground Lease With 5.7 Years Remaining and 10 Percent Rental Increases in Option Periods
  • Excellent Visibility Along Warrenton Road (US Route 17) – 59,963 VPD
  • Outparcel to Giant Food-Anchored Retail Center Within Celebrate Virginia North
  • 19-Year Operating History at This Location
  • Located Between Washington, D.C. and Richmond
  • Affluent Trade Area With $146K+ Average Household Income (Three-Mile Radius)

OVERVIEW

Offered for sale is a ground lease Wells Fargo located in Fredericksburg, Virginia. The property features a 4,051-square-foot freestanding branch on a 1.33-acre parcel with direct frontage and signalized access along Warrenton Road (US Route 17). The site is an outparcel to the Giant Food-anchored Banks Ford Shopping Center within the Celebrate Virginia North mixed-use development and has operated at this location for 19 years. Nearby retailers include Lowe’s, Aldi, Wawa, CVS, Chick-fil-A, Panda Express, Five Guys, and Chase Bank.

FOR SALE DETAILS

PRICE

$4,043,000 USD

PRICE/SF

$998 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wells Fargo (Recent Lease Renewal)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

B2

APN/PARCEL ID

44Y-4

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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