Fredericksburg, VA - Cosner's Corner

Description:

• The asset features over 5 years of WALT remaining on the tenants’ leases
• All leases feature rental increases throughout the initial term and option periods, providing a hedge against inflation and steadily growing NOI
• The property is at 100% occupancy, providing a stable cash income stream
• Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
• Minimal landlord responsibilities
• Ideal, management-free investment for a passive investor

• The asset is located at the signalized, hard corner intersection of Mills Dr and Jefferson Davis Hwy
• The property is located right off of Interstate 95, which averages over 112,000 vehicles passing by daily
• The asset has excellent visibility via significant street frontage
• The property is adjacent to a Target-anchored shopping center, which also features national/credit tenants including Marshall’s. Five Below, PetSmart, Ross, World Market, and many more
• The center is also located within walking distance to an 87,000+ square foot Kohl’s and a 50,000+ square foot Publix grocery store
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, LongHorn Steakhouse, Buffalo Wild Wings, Chick-fil-A, Starbucks, Dunkin, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The 5-mile trade area is supported by approximately 96,000 residents and 33,200 employees, providing a direct consumer base from which to draw
• Residents within 3 miles of the subject property boast an affluent average household income of $122,708