Fredericksburg, VA - CVS Distribution Center

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CVS distribution facility located in Fredericksburg, VA (Washington D.C. MSA). Additionally, the current rent is well below market at just $2.82 per square foot, providing both security and future upside for investor. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for an out of state investor.

The CVS Distribution Center is located 3 miles away from Interstate 95 (149,000 vehicles per day), a major north-south highway that connects Fredericksburg to Washington D.C., New York, and the rest of the northeast, and to the state capital Richmond through Miami to the south. Furthermore, the asset is located between several other major commuter thoroughfares including US Highway 1 (55,000 VPD), State Highway 3 (44,000 VPD), and Kings Highway (48,000 VPD). There are 3 major airports within 70 miles of the subject property – Dulles International, Ronald Regan Washington National, and Richmond international. The surrounding industrial market includes other well-known companies
such as Pepsi Co., Sherwin Williams, Foundation Building Materials, Sunbelt Rentals, Trussway, and more, illustrating the near and long-term demand for the immediate area.