10701 Courthouse Rd - Drug Store FOR SALE


Fredericksburg, VA 22407
$3,134,979 USD
424-389-0582
10701 Courthouse Rd, Fredericksburg, VA for Sale
$3,134,979 USD
Drug Store - FOR SALE
1/4
null | 7.25% Cap Rate

10701 Courthouse Rd
Fredericksburg, VA 22407


HIGHLIGHTS

  • Corporate guaranteed, absolute NNN lease, zero landlord responsibilities; 24+ years of CVS tenancy at location
  • Rare, contracted rent increases in the initial and option periods
  • Signalized corner with 46,000+ VPD, adjacent to established retail centers
  • Washington, DC MSA, 62,000 population, AHHI of $113,000 within 3 miles
  • Just down the street from brand new 470,000+ SF Fredericksburg Health Care Center, which opens in March 2025

OVERVIEW

This CVS Pharmacy in Greater Washington D.C. Metro Fredericksburg, VA features a corporate-guaranteed, absolute NNN lease with zero landlord responsibilities and rare contracted rent increases in both the initial and option periods. Boasting over 24 years of CVS tenancy and a recent extension into the first option period, the site reflects a strong long-term commitment. Located at a signalized corner with 46,000+ VPD and just 1/4 mile west of Interstate 95, the property benefits from excellent visibility and proximity to established retail centers.

FOR SALE DETAILS

PRICE

$3,134,979 USD

PRICE/SF

$309 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

R2

APN/PARCEL ID

35G13-5-

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
424-389-0582

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

Joshua BergerCentury Partners Real Estate Inc.More Info
424-389-0582

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