1511 Emancipation Hwy - Drug Store FOR SALE


Fredericksburg, VA 22401
$4,400,000 USD
703-787-4732
1511 Emancipation Hwy, Fredericksburg, VA for Sale
$4,400,000 USD
Drug Store - FOR SALE
1/8
null | 6.25% Cap Rate

1511 Emancipation Hwy
Fredericksburg, VA 22401


HIGHLIGHTS

  • Strategically located at the signalized, hard corner intersection of Cowan Boulevard and Emancipation Highway, averaging a combined 51,000 VPD
  • Ideally situated within a dense retail trade area and is near Greenbrier Shopping Center, Spotsylvania Towne Centre and more
  • Surrounding tenants include The Home Depot, Staples, Walmart Supercenter, Target, Giant, Kohl’s, Costco Wholesale, and many others

OVERVIEW

• CVS with Pharmacy Drive Thru Lane • Very busy CVS at a major signalized intersection and commuter route (51,000 VPD) • 10 years remain on initial term • 10% rental increases in 10 Years and at the start of each option period • CVS carries an S&P BBB Investment Grade rating (NYSE: CVS) • More than 123,000 residents and 75,500 employees support the trade area • Affluent average household income of $138,385 • Close to Mary Washington University and dense residential and retail trade areas • Minutes from Interstate 95 (149,000 VPD)

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - Fredericksburg, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,642 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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