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CVS Pharmacy (Dark) | Washington DC MSA 10701 Courthouse Rd 10,112 SF Retail Building Fredericksburg, VA 22407 $3,552,675 CAD ($351.33 CAD/SF) 9% Cap Rate
Investment Highlights
- 3 Years Remaining | Value-Add Opportunity | Drive-Thru Equipped
- Dense Retail Corridor | Strong Surrounding Retail Presence
- Direct Residential Consumer Base | Strong Demographics In 5-Mile Trade Area
- Signalized, Hard Corner Intersection | Regional Connectivity
- Proximity To Veterans Administration Fredericksburg Health Care Center
Executive Summary
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a CVS property located in Fredericksburg, Virginia. The asset offers approximately 3 years of remaining lease term, providing stable near-term in-place income. The tenant is currently dark, creating a compelling value-add opportunity through future re-tenanting or redevelopment. The existing drive-thru infrastructure enhances flexibility for a wide range of users while reducing future redevelopment costs.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,112 SF
Building Class
B
Year Built
2000
Price
$3,552,675 CAD
Price Per SF
$351.33 CAD
Cap Rate
9%
NOI
$319,793 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
R2 - Residential (R-2) within a Planned Unit Development (PUD) permitting C-2 uses
Parking
42 Spaces (4.15 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35G-13-5 | Improvements Assessment | $2,972,991 CAD |
| Land Assessment | $1,469,471 CAD | Total Assessment | $4,442,462 CAD |
Property Taxes
Parcel Number
35G-13-5
Land Assessment
$1,469,471 CAD
Improvements Assessment
$2,972,991 CAD
Total Assessment
$4,442,462 CAD
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CVS Pharmacy (Dark) | Washington DC MSA | 10701 Courthouse Rd
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