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25 Banks Ford Pky 2,782 SF Retail Building Fredericksburg, VA 22406 $3,400,000 ($1,222.14/SF) 5% Cap Rate
Investment Highlights
- Strong Tenancy with Chase Bank that is open & operating
- Highly visible, accessible location along one of Stafford County’s premier retail corridors
- Tenant maintains and repairs the premises
- 15 Year Term; Rent Commencing May 2025 with 10% increases every 5 years
Executive Summary
Single tenant net leased Chase Bank located at 25 Banks Ford Parkway in Fredericksburg, Virginia. The 2,782-square-foot freestanding building features three canopied drive-thru lanes and a dedicated ATM lane on a 0.98-acre parcel. Positioned at the entry to Celebrate Virginia along Route 17 (69,000 VPD), the site offers excellent visibility in one of Stafford County’s top retail corridors. Chase Bank is open and operating under a 15-year net lease with no termination rights during the primary term, providing long-term, stable income in a high-growth market.
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- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,782 SF
Building Class
B
Year Built
2000
Price
$3,400,000
Price Per SF
$1,222.14
Cap Rate
5%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Zoning
B2
Parking
22 Spaces (7.91 Spaces per 1,000 SF Leased)
Frontage
449’ on BANKS FORD PKWY
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 44-76D | Improvements Assessment | $829,900 |
| Land Assessment | $764,500 | Total Assessment | $1,594,400 |
Property Taxes
Parcel Number
44-76D
Land Assessment
$764,500
Improvements Assessment
$829,900
Total Assessment
$1,594,400
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25 Banks Ford Pky