5635 Plank Rd - Retail FOR SALE


Fredericksburg, VA 22407
$5,640,000 USD
443-340-5966
5635 Plank Rd, Fredericksburg, VA for Sale
$5,640,000 USD
Retail - FOR SALE
1/6
null | 5.56% Cap Rate

5635 Plank Rd
Fredericksburg, VA 22407


HIGHLIGHTS

  • Outparcel to 400,000 SF Power Center
  • Drive-Thru
  • 100% Leased To National Tenants

OVERVIEW

5635 Plank Road benefits directly from its position as an outparcel to Harrison Crossing (±400,000 SF | anchored by Home Depot and Giant Food), one of the most productive power centers along the Plank Road corridor. The wider trade area includes several of the region's dominant retail nodes — Central Park Marketplace (Walmart Supercenter, Target, Wegmans, Best Buy, Lowe's), Chancellor Center (Weis), and Eagle Village (Giant) — all of which reinforce sustained daily traffic through this section of Route 3. Harrison Crossing itself has sustained a vacancy rate of less than 2%, reflecting durable tenant demand and limited competing supply in the immediate trade area. 5635 Plank Road is fully leased to five national and credit-rated retail and restaurant concepts — Wingstop, AT&T (Prime Communications), Jersey Mike's Subs, Supercuts, and Burger King. Each operator brings a proven, multi-thousand-unit national footprint to the center, providing a next owner with durable, diversified cash flow and minimal releasing risk. The rent roll is anchored by Burger King's rare 20-year original lease term (through 2038) with four additional 5-year renewal options extending potential occupancy beyond 2058. The remaining four tenants carry original 10-year terms with contractual rent escalations and multiple renewal options, creating a staggered maturity schedule that limits rollover exposure in any single year.

FOR SALE DETAILS

PRICE

$5,640,000 USD

PRICE/SF

$697 USD /SF

CAP RATE

5.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

C-2, C-3

APN/PARCEL ID

12-24-6

ASK ABOUT THIS PROPERTY

Cameron ColemanColdwell Banker Commercial EliteMore Info
443-340-5966

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Cameron ColemanColdwell Banker Commercial EliteMore Info
443-340-5966

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