35 Banks Ford Pky - Bank FOR SALE


Fredericksburg, VA 22406
$3,521,000 USD
972-755-5205
35 Banks Ford Pky, Fredericksburg, VA for Sale
$3,521,000 USD
Bank - FOR SALE
1/4
null | 7.75% Cap Rate

35 Banks Ford Pky
Fredericksburg, VA 22406


HIGHLIGHTS

  • Corporate Ground Lease With 1.8 Years Remaining
  • Excellent Visibility on Heavily-Trafficked Route 17 (Warrenton Road), Where Traffic Counts Exceed 40,979 Vehicles per Day
  • 1.33-Acre Outparcel in Giant Food-Anchored Retail Center – Part of the Celebrate Virginia Mixed-Use Development
  • 18-Year Operating History
  • Strategic Location between Washington, D.C., and Richmond, VA
  • Wells Fargo is the 4th Largest Bank in the U.S. by Total Assets

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Fredericksburg, VA. The property consists of a 4,051-square-foot, freestanding building that sits on approximately 1.33 acres of land. There are 1.8 years remaining on the lease with 10% rental increases every 5 years.

FOR SALE DETAILS

PRICE

$3,521,000 USD

PRICE/SF

$869 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo (Ground Lease)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,231 SF

ZONING

B2- URBAN

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 Policy.