Bank
Wells Fargo (Ground Lease)
35 Banks Ford Pkwy, Fredericksburg, VA 22406
Listing Price: $4,043,000
Investment Overview
Offered for sale is a ground lease Wells Fargo located in Fredericksburg, Virginia. The property features a 4,051-square-foot freestanding branch on a 1.33-acre parcel with direct frontage and signalized access along Warrenton Road (US Route 17). The site is an outparcel to the Giant Food-anchored Banks Ford Shopping Center within the Celebrate Virginia North mixed-use development and has operated at this location for 19 years. Nearby retailers include Lowe’s, Aldi, Wawa, CVS, Chick-fil-A, Panda Express, Five Guys, and Chase Bank.
Wells Fargo (Ground Lease)
Investment Highlights
- Corporate Ground Lease With 5.7 Years Remaining and 10 Percent Rental Increases in Option Periods
- Excellent Visibility Along Warrenton Road (US Route 17) – 59,963 VPD
- Outparcel to Giant Food-Anchored Retail Center Within Celebrate Virginia North
- 19-Year Operating History at This Location
- Located Between Washington, D.C. and Richmond
- Affluent Trade Area With $146K+ Average Household Income (Three-Mile Radius)
- US Route 17 Commercial Corridor Anchored by GEICO, Lowe's, Giant Food, and Regional Employment Drivers
- Investment-Grade Tenant (S&P: A-)
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic
Listing Price: $4,043,000
Investment Highlights
- Corporate Ground Lease With 5.7 Years Remaining and 10 Percent Rental Increases in Option Periods
- Excellent Visibility Along Warrenton Road (US Route 17) – 59,963 VPD
- Outparcel to Giant Food-Anchored Retail Center Within Celebrate Virginia North
- 19-Year Operating History at This Location
- Located Between Washington, D.C. and Richmond
- Affluent Trade Area With $146K+ Average Household Income (Three-Mile Radius)
- US Route 17 Commercial Corridor Anchored by GEICO, Lowe's, Giant Food, and Regional Employment Drivers
- Investment-Grade Tenant (S&P: A-)
Investment Overview
Offered for sale is a ground lease Wells Fargo located in Fredericksburg, Virginia. The property features a 4,051-square-foot freestanding branch on a 1.33-acre parcel with direct frontage and signalized access along Warrenton Road (US Route 17). The site is an outparcel to the Giant Food-anchored Banks Ford Shopping Center within the Celebrate Virginia North mixed-use development and has operated at this location for 19 years. Nearby retailers include Lowe’s, Aldi, Wawa, CVS, Chick-fil-A, Panda Express, Five Guys, and Chase Bank.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic
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