6010 Plank Rd | Fredericksburg, VA 22407
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6010 Plank Rd
Fredericksburg, VA 22407
CVS | Zero Cash Flow · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant, Rated BBB by S&P
- Fully-Amortizing Debt
- 23-Years Remaining on Original 25-Year Absolute NNN Lease
- Assumable Non-Recourse Debt with Only a 16.7% Equity Requirement
- 90% Return-to-Equity through Amortization in the First 5-Years of the Lease
- $141,030 Average Household Income within a One-Mile Radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,656 SF
Building Class
C
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.53 AC
Zoning
C2
PROPERTY TAXES
| Parcel Number | 11A-2-5R | Improvements Assessment | $3,414,900 |
| Land Assessment | $1,332,900 | Total Assessment | $4,747,800 |
PROPERTY TAXES
Parcel Number
11A-2-5R
Land Assessment
$1,332,900
Improvements Assessment
$3,414,900
Total Assessment
$4,747,800
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