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5635 Plank Rd 8,037 SF 100% Leased Retail Building Fredericksburg, VA 22407 $5,640,000 ($701.75/SF) 5.56% Cap Rate



Investment Highlights
- Outparcel to 400,000 SF Power Center
- 100% Leased To National Tenants
- Drive-Thru
Executive Summary
5635 Plank Road is fully leased to five national and credit-rated retail and restaurant concepts — Wingstop, AT&T (Prime Communications), Jersey Mike's Subs, Supercuts, and Burger King. Each operator brings a proven, multi-thousand-unit national footprint to the center, providing a next owner with durable, diversified cash flow and minimal releasing risk.
The rent roll is anchored by Burger King's rare 20-year original lease term (through 2038) with four additional 5-year renewal options extending potential occupancy beyond 2058. The remaining four tenants carry original 10-year terms with contractual rent escalations and multiple renewal options, creating a staggered maturity schedule that limits rollover exposure in any single year.
Property Facts
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- At&t Communications
- Information
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99,999 SF
- -
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Lorem Ipsum
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Burger King began in 1953 as Insta-Burger King, a Jacksonville-based restaurant chain, and later took the current Burger King name after a Miami franchisee pair acquired and expanded the business. The company is a global hamburger fast-food chain known for flame-broiled burgers and a menu that also includes chicken sandwiches, fries, breakfast items, desserts, and beverages. Burger King has built a broad restaurant presence over time while keeping its core focus on quick-service meals and franchised operations.
Jersey Mike's Subs began in Point Pleasant, New Jersey, in 1956 as Mike's Subs, a neighborhood sandwich shop that later became Jersey Mike's Subs. Jersey Mike's Subs operates as a fast-casual restaurant franchisor centered on submarine sandwiches, with menu items prepared Mike's Way and customer channels that include online ordering and catering. Jersey Mike's Subs has grown into a wide franchise network across the United States and Canada, with more than 3,300 locations.
- SuperCuts
- Services
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99,999 SF
- -
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Lorem Ipsum
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Wingstop began in 1994 as a small buffalo-style chicken wing restaurant in Garland, Texas, and started franchising in 1997. The company operates as a franchisor and restaurant operator centered on cooked-to-order, hand-sauced chicken wings, boneless wings, tenders, chicken sandwiches, fries, and housemade dips. Wingstop has expanded into a significant global restaurant network and continues to focus on flavor-driven menu offerings across its system.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| At&t Communications | Information | 99,999 SF | - | Lorem Ipsum | - | |
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - | |
| SuperCuts | Services | 99,999 SF | - | Lorem Ipsum | - | |
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-24-6 | Improvements Assessment | $1,474,500 |
| Land Assessment | $1,366,300 | Total Assessment | $2,840,800 |
