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KFC - Fredericksburg, VA 10243 Patriot Hwy 5,629 SF Retail Building Fredericksburg, VA 22407 $3,513,725 CAD ($624.22 CAD/SF) 5.75% Cap Rate
Investment Highlights
- The property features an Absolute Triple Net (NNN) Lease with approximately 18+ years of primary term remaining.
- The property is strategically located on an outparcel to Cosner’s Corner, a 1,000,000+ SF regional power center anchored by Publix, Target & Lowe’s.
- The immediate area features a dense concentration of national and credit tenants, including Walmart Supercenter, Kohl’s, PetSmart, Starbucks.
- The lease includes 1.5% annual rental increases throughout the initial term and option periods, offering a strong hedge against inflation.
- The site is positioned on Patriot Highway (U.S. Route 1), which boasts high traffic counts of over 55,000+ vehicles per day.
- Located just 48 miles south of Washington, D.C., the area benefits from strong demographics, with a population exceeding 49,000 residents.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 5,629 SF KFC located at 10243 Patriot Highway in Fredericksburg, VA. The property is secured by an Absolute Triple Net (NNN) Lease with approximately 18+ years of primary term remaining, offering investors a long-term, stable, and passive investment opportunity. With minimal landlord responsibilities and the strength of a globally recognized quick-service restaurant brand, this asset provides predictable cash flow and long-term income security in a well-established retail corridor.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,629 SF
Building Class
C
Year Built/Renovated
1985/2018
Price
$3,513,725 CAD
Price Per SF
$624.22 CAD
Cap Rate
5.75%
NOI
$202,039 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.52 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- KFC
- Accommodation and Food Services
- 5,629 SF
- $35.89 CAD
- May 2044
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| KFC | Accommodation and Food Services | 5,629 SF | $35.89 CAD | May 2044 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-A-108B | Improvements Assessment | $1,338,488 CAD |
| Land Assessment | $1,830,192 CAD | Total Assessment | $3,168,680 CAD |
Property Taxes
Parcel Number
35-A-108B
Land Assessment
$1,830,192 CAD
Improvements Assessment
$1,338,488 CAD
Total Assessment
$3,168,680 CAD
Contacts
-
Tyler McGarry -
Adam Scherr -
Thomas Gorman -
Sands Investment Group Santa Monica, LLC
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KFC - Fredericksburg, VA | 10243 Patriot Hwy
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