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Investment Highlights

  • Outparcel to 400,000 SF Power Center
  • 100% Leased To National Tenants
  • Drive-Thru

Executive Summary

5635 Plank Road benefits directly from its position as an outparcel to Harrison Crossing (±400,000 SF | anchored by Home Depot and Giant Food), one of the most productive power centers along the Plank Road corridor. The wider trade area includes several of the region's dominant retail nodes — Central Park Marketplace (Walmart Supercenter, Target, Wegmans, Best Buy, Lowe's), Chancellor Center (Weis), and Eagle Village (Giant) — all of which reinforce sustained daily traffic through this section of Route 3. Harrison Crossing itself has sustained a vacancy rate of less than 2%, reflecting durable tenant demand and limited competing supply in the immediate trade area.
5635 Plank Road is fully leased to five national and credit-rated retail and restaurant concepts — Wingstop, AT&T (Prime Communications), Jersey Mike's Subs, Supercuts, and Burger King. Each operator brings a proven, multi-thousand-unit national footprint to the center, providing a next owner with durable, diversified cash flow and minimal releasing risk.
The rent roll is anchored by Burger King's rare 20-year original lease term (through 2038) with four additional 5-year renewal options extending potential occupancy beyond 2058. The remaining four tenants carry original 10-year terms with contractual rent escalations and multiple renewal options, creating a staggered maturity schedule that limits rollover exposure in any single year.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
8,037 SF
Year Built
2018
Price
$7,957,025 CAD
Price Per SF
$990.05 CAD
Cap Rate
5.56%
NOI
$442,790 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.23 AC
Zoning
C-2, C-3 - General Commercial zoning designation, allowing for a wide variety of commercial uses.
Parking
49 Spaces (6.1 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • At&t Communications
  • Information
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Burger King began in 1954 as a fast-food hamburger chain and built its identity around flame-grilled burgers and the Whopper sandwich. The business grew through franchising and expanded from its early U.S. roots into a widely recognized quick-service restaurant brand. Burger King offers a broad menu that includes burgers, chicken items, breakfast foods, sides, desserts, and beverages. The company remains focused on affordable, convenient dining within the global fast-food market.

  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Founded in 1956 as Mike's Subs in Point Pleasant, New Jersey, the business grew from a small seaside sandwich shop into a franchised restaurant brand. Jersey Mike's focuses on submarine sandwiches prepared in store with sliced meats and cheeses, baked bread, and customizable toppings. The company has expanded across the United States and into international markets while keeping its core menu centered on cold subs, hot subs, chicken, salads, sides, catering, and digital ordering options. The brand's service style emphasizes made-to-order sandwiches and a preparation method known as Mike's Way.

  • SuperCuts
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Founded in 1994, Wingstop began as a Texas chicken-wing concept and later expanded through franchising. The company operates and franchises restaurants centered on cooked-to-order, hand-sauced and tossed chicken, with a menu built around classic and boneless wings, tenders, chicken sandwiches, seasoned fries, and housemade ranch and bleu cheese dips. Wingstop now serves a global network of restaurants, and most locations are run by brand partners, giving the business a franchise-driven presence across the restaurant industry.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
At&t Communications Information 99,999 SF - Lorem Ipsum -
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF - Lorem Ipsum -
SuperCuts Services 99,999 SF - Lorem Ipsum -
Accommodation and Food Services 99,999 SF - Lorem Ipsum -
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Snap Fitness 24/7
Giant Food
Bank of America
Navy Federal Credit Union
PNC Bank
McAlister’s
Lidl
Shore United Bank
Habit Burger & Grill
Virginia Credit Union

Property Taxes

Property Taxes

Parcel Number
12-24-6
Land Assessment
$1,814,173 CAD
Improvements Assessment
$2,174,215 CAD
Total Assessment
$3,988,388 CAD
  • Listing ID: 41479976

  • Date on Market: 2026-07-29

  • Last Updated:

  • Address: 5635 Plank Rd, Fredericksburg, VA 22407

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