Log In/Sign Up
Your email has been sent.
Southpoint Plaza IV 5420 Southpoint Plaza Way 7,758 SF 100% Leased Retail Building Fredericksburg, VA 22407 $2,830,000 ($364.78/SF) 6.02% Cap Rate
Investment Highlights
- 100% Occupied Three-Tenant Retail Investment
- Surrounded by Over 2 Million SF of Retail & Commercial Space
- Less Than ½ Mile from Interstate 95 (110,000 VPD)
- Featuring Chipotle, Quickway Japanese Hibachi & Clean Eatz
- Built-In Rent Growth with Renewal Options
- 2nd-Tier Location Along Route 1 / Patriot Highway (56,000 VPD)
Executive Summary
Johnson Realty Advisors is pleased to present a 7,758 SF, 100% occupied three-tenant retail investment featuring Chipotle Mexican Grill, Quickway Japanese Hibachi, and Clean Eatz. The offering provides investors with established tenancy, strong annual base rent, and a 6.02% in-place cap rate.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,758 SF
Building Class
B
Year Built
2008
Price
$2,830,000
Price Per SF
$364.78
Cap Rate
6.02%
NOI
$170,251
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.77 AC
Zoning
C3
Parking
40 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
95’ on Southpoint Plaza Way
Amenities
- 24 Hour Access
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-7-I2 | Improvements Assessment | $1,624,500 |
| Land Assessment | $570,200 | Total Assessment | $2,194,700 |
Property Taxes
Parcel Number
35-7-I2
Land Assessment
$570,200
Improvements Assessment
$1,624,500
Total Assessment
$2,194,700
Contacts
-
Fitzhugh Johnson -
Kingston Simmons -
Heather Hagerman -
Andrew Hall -
Johnson Realty Advisors, Inc.
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
