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Bank of America 7110 Harrison Rd 4,493 SF Retail Building Fredericksburg, VA 22407 $6,767,420 CAD ($1,506.21 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Rent Increases of 10% Every Five Years Including Option Periods; Tenant has 5, Five Year Renewal Options
- Sitting on a Hard Corner at the Four-Way Signalized Intersection of Plank Road (83,616 Vehicles Per Day) & Harrison Road (14,000 Vehicles Per Day)
- 94,943 people living within a 5-mile radius with an average household income of $126,061
- Guaranteed by Bank of America with an S&P A+ Credit Rating; Ranked #18 in the 2024 Fortune 500 Index; 5th Largest Holding Company in the world
- Surrounded by Numerous National Retailers such as Starbucks, Walgreens, Wendy's, Home Depot, Petco, Stop & Shop, Wells Fargo Bank, Among Many Others
EXECUTIVE SUMMARY
8.5 Years Remaining on an Absolute Triple-Net (NNN) Bank of America Ground Lease; 4,493 SF Building with Three Drive-Through Lanes
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,493 SF
Building Class
B
Year Built
2008
Price
$6,767,420 CAD
Price Per SF
$1,506.21 CAD
Cap Rate
7%
NOI
$473,782 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.37 AC
Zoning
CSC - Commercial shopping center
Parking
26 Spaces (5.79 Spaces per 1,000 SF Leased)
Frontage
273’ on Harrison Rd
AMENITIES
- Banking
- Corner Lot
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-19-1 | Improvements Assessment | $2,367,258 CAD |
| Land Assessment | $2,002,946 CAD | Total Assessment | $4,370,204 CAD |
PROPERTY TAXES
Parcel Number
22-19-1
Land Assessment
$2,002,946 CAD
Improvements Assessment
$2,367,258 CAD
Total Assessment
$4,370,204 CAD
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Bank of America | 7110 Harrison Rd
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