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McDonald's: Fredericksburg, VA 1701 Carl D. Silver Pky 4,055 SF Retail Building Fredericksburg, VA 22401 $4,018,836 CAD ($991.08 CAD/SF) 4% Cap Rate
Investment Highlights
- Northern Virginia’s Fastest-Growing Corridor
- Affluent Demographics
- Rapidly Growing Trade Area
- Premier QSR Brand
Executive Summary
CBRE is pleased to exclusively offer for sale the 4,055 SF McDonald’s situated on 1.12 acres in Fredericksburg, VA - a component of the broader Washington D.C. MSA.
Rare 15% Bumps Every 5 Years: Originally set to expire in 2022, Tenant exercised its first of five renewal options, extending the lease through 2027. The lease currently has ±1.8 years of term remaining with 15% rent increases in the four remaining 5-year renewal options. Next option rent bump in November 2027 brings return up 60 basis points.
Strong Intrinsic Value with Upside: 1.12 Acres on hard corner lit intersection. Below market rent!
Excellent Access & Visibility: The property is situated with excellent frontage at the signalized hard-corner intersection of Carl D. Silver Parkway and Cowan Boulevard (19,000 VPD) just 0.5 mile west of Interstate 95 (Traffic Count: 165,000 VPD) which connects Fredericksburg with Washington D.C. (55 miles north) and Richmond (58 miles south). This is arguably the best corner of Central Park as it is easily accessible to all of the retail uses as well as Cowan Boulevard which is a frequently used thoroughfare to avoid traffic in and out of town.
Central Park Advantage: Reflecting the sustained strength of the Fredericksburg retail market, Central Park has maintained a historic occupancy rate of over 95% for more than 15 years. Situated on a 2,400-acre site adjacent to the interchange of I-95 and Plank Road (Combined Traffic Count: 253,000 VPD), Central Park serves as a regional hub. As the largest power center on the East Coast, it is anchored by a diverse mix of national brands, including Target, Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, Best Buy, Hobby Lobby, DSW and Burlington, along with the high-traffic Regal Cinemas. The center features over 200 merchants and 50 restaurants, providing a comprehensive shopping and dining environment. Recent office expansions and the proximity of three major hotels (Hampton Inn, Hilton Garden Inn, and Homewood Suites) contribute to a robust daytime population that fuels local commerce.
Rare 15% Bumps Every 5 Years: Originally set to expire in 2022, Tenant exercised its first of five renewal options, extending the lease through 2027. The lease currently has ±1.8 years of term remaining with 15% rent increases in the four remaining 5-year renewal options. Next option rent bump in November 2027 brings return up 60 basis points.
Strong Intrinsic Value with Upside: 1.12 Acres on hard corner lit intersection. Below market rent!
Excellent Access & Visibility: The property is situated with excellent frontage at the signalized hard-corner intersection of Carl D. Silver Parkway and Cowan Boulevard (19,000 VPD) just 0.5 mile west of Interstate 95 (Traffic Count: 165,000 VPD) which connects Fredericksburg with Washington D.C. (55 miles north) and Richmond (58 miles south). This is arguably the best corner of Central Park as it is easily accessible to all of the retail uses as well as Cowan Boulevard which is a frequently used thoroughfare to avoid traffic in and out of town.
Central Park Advantage: Reflecting the sustained strength of the Fredericksburg retail market, Central Park has maintained a historic occupancy rate of over 95% for more than 15 years. Situated on a 2,400-acre site adjacent to the interchange of I-95 and Plank Road (Combined Traffic Count: 253,000 VPD), Central Park serves as a regional hub. As the largest power center on the East Coast, it is anchored by a diverse mix of national brands, including Target, Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, Best Buy, Hobby Lobby, DSW and Burlington, along with the high-traffic Regal Cinemas. The center features over 200 merchants and 50 restaurants, providing a comprehensive shopping and dining environment. Recent office expansions and the proximity of three major hotels (Hampton Inn, Hilton Garden Inn, and Homewood Suites) contribute to a robust daytime population that fuels local commerce.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,055 SF
Building Class
B
Year Built
2002
Price
$4,018,836 CAD
Price Per SF
$991.08 CAD
Cap Rate
4%
NOI
$160,753 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
PDC - Planned Development-Commercial (PD-C) District is established to provide locations for a full range of retail commercial and service uses.
Parking
51 Spaces (12.58 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Signalized Intersection
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 7769-75-2907 | Improvements Assessment | $1,282,462 CAD |
| Land Assessment | $2,008,188 CAD | Total Assessment | $3,290,649 CAD |
Property Taxes
Parcel Number
7769-75-2907
Land Assessment
$2,008,188 CAD
Improvements Assessment
$1,282,462 CAD
Total Assessment
$3,290,649 CAD
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Ty Grenier -
Ryan Sciullo -
CBRE, Inc.
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McDonald's: Fredericksburg, VA | 1701 Carl D. Silver Pky
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