Bank
Wells Fargo (Ground Lease)
35 Banks Ford Pkwy, Fredericksburg, VA 22406
Listing Price: $3,521,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Fredericksburg, VA. The property consists of a 4,051-square-foot, freestanding building that sits on approximately 1.33 acres of land. There are 1.8 years remaining on the lease with 10% rental increases every 5 years.
Wells Fargo (Ground Lease)
Investment Highlights
- Corporate Ground Lease With 1.8 Years Remaining
- Excellent Visibility on Heavily-Trafficked Route 17 (Warrenton Road), Where Traffic Counts Exceed 40,979 Vehicles per Day
- 1.33-Acre Outparcel in Giant Food-Anchored Retail Center – Part of the Celebrate Virginia Mixed-Use Development
- 18-Year Operating History
- Strategic Location between Washington, D.C., and Richmond, VA
- Wells Fargo is the 4th Largest Bank in the U.S. by Total Assets
- Major Business Corridor on Route 17 (Warrenton Road) – Home to GEICO, McLane, and the FBI
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Listing Price: $3,521,000
Investment Highlights
- Corporate Ground Lease With 1.8 Years Remaining
- Excellent Visibility on Heavily-Trafficked Route 17 (Warrenton Road), Where Traffic Counts Exceed 40,979 Vehicles per Day
- 1.33-Acre Outparcel in Giant Food-Anchored Retail Center – Part of the Celebrate Virginia Mixed-Use Development
- 18-Year Operating History
- Strategic Location between Washington, D.C., and Richmond, VA
- Wells Fargo is the 4th Largest Bank in the U.S. by Total Assets
- Major Business Corridor on Route 17 (Warrenton Road) – Home to GEICO, McLane, and the FBI
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Fredericksburg, VA. The property consists of a 4,051-square-foot, freestanding building that sits on approximately 1.33 acres of land. There are 1.8 years remaining on the lease with 10% rental increases every 5 years.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
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