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CVS - Fredericksburg, VA 1511 Emancipation Hwy

13,291 SF Retail Building Fredericksburg, VA 22401 $4,400,000 ($331/SF) 6.25% Cap Rate

Drug Stores Virginia Fredericksburg 1511 Emancipation Hwy, Fredericksburg, VA 22401

Investment Highlights

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

Executive Summary

• 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)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,291 SF
Year Built
2014
Price
$4,400,000
Price Per SF
$331
Cap Rate
6.25%
NOI
$275,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
2.54 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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Nearby Major Retailers

First Citizens Bank
Rent-A-Center
WW
Planet Fitness
Giant Food
Starbucks
Cook Out
PNC Bank
United Bank
Buddy's Home Furnishings
(703) 787-4732

  • Listing ID: 33351448

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 1511 Emancipation Hwy, Fredericksburg, VA 22401

The Retail Property at 1511 Emancipation Hwy, Fredericksburg, VA 22401 is currently available For Sale. Contact SRS Real Estate Partners for more information.

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1511 Emancipation Hwy, Fredericksburg, VA for sale Building Photo- Image 1 of 9
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CVS - Fredericksburg, VA | 1511 Emancipation Hwy
(703) 787-4732 x

CVS - Fredericksburg, VA | 1511 Emancipation Hwy

Rick Fernandez

(703) 787-4732

(703) 787-4732

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