9659 Patriot Hwy
Fredericksburg, VA 22407
NNN BB&T Bank · Retail Property For Sale

Marcus & Millichap is pleased to exclusively represent ownership in the sale of the BB&T bank at 9659 Jefferson Davis Highway in Fredericksburg, Virginia. The property consists of a 4,021 square foot single tenant BB&T bank building on a 1.16 acre parcel of land. There are ten years remaining on a triple-net ground lease with four (5) year renewal options and structured with 15% rental increases every five years during both the base term and the option periods. BB&T has over 2,100 locations in 15 states and the District of Columbia, and carries a credit rating of A- by Standard and Poor’s. The property is situated on a signalized intersection in the Cosner’s Corner retail power center that has over 75 stores including Marshalls, Kohl’s, Ross, Five Below, Famous Footwear, Petsmart, Target, Panera Bread, Red Robin, Sonic, Moe’s Southwest Grill, Ledo Pizza, and many more. There are hundreds of newly constructed apartments within walking distance to the wide range of shopping and dinning at Cosner’s Corner, including the resort style “Silver Collection at Cosner’s Corner” built in 2016 (274 units), “The Apartments at Overlook Terrace” built in 2016 (72 units), and “Station Square” built in 2012 (380 units). The state of the art Spotsylvania Regional Medical Center (built in 2010) is less than a mile from the BB&T and is equipped with a 24 hour emergency room, cancer care center, and 133 beds. A new 49,000 square foot Publix Super Market just opened directly next to the BB&T. Fredericksburg has seen a remarkable 18% increase in population in the last seven years and has become part of the Washington, D.C. metropolitan market. Spotsylvania County (which BB&T is located in) is expected to grow by 82% by 2040 which will continue to pump more and more consumer spending into this submarket every year. With direct access to Interstate 95 and VRE Rail, many of it’s residents commute into Washington, D.C. every day for high paying jobs. Traffic counts by the BB&T are continually growing with 14,000 VPD on Spotsylvania Parkway, 55,000 VPD on Jefferson Davis Highway, and 148,000 VPD on Interstate 95 currently recorded.