Long-Term 20-Year Absolute Triple Net (NNN) Ground Lease with 10% increases every 5 years, including in their six, five-year options.
New construction Wawa, grand opening just occured June 2023.
Located within the DC Metro Area with high residual value as the site sits on an oversized 2.95 AC parcel.
Positioned in a dense corridor with 4.8M SF of proposed and under construction industrial product within 3-miles – including Capital 95 Logistics Park, a 630,000 SF Class A building and 650,000 SF build-to-suit Amazon Warehouse, complementing their already existing 201,000 SF Warehouse built in 2021.
Excellent visibility and access off of Richmond Highway (Route-1) with the signalized intersection offering two points of ingress/egress.
Close proximity to I-95 (133,000 VPD) via north and southbound Exit 136 to Centreport Parkway, located just north of the subject property.
Route 1 is a primary north south thoroughfare connecting Fredericksburg to Stafford, Virginia which sees a heavy traffic volume of 26,000 vehicles per day.
Accessible via Route 1 are major economic drivers including Marine Base Quantico with $5.88 billion of annual economic impact, and the University of Mary Washington, located in Fredericksburg, with 4,000 + students.
Ideal retail use in commuter’s corridor with future roadway improvements scheduled for intersection across Richmond Highway – widening Enon Road and providing dedicated turn lanes.
Numerous submarket drivers and strong demand for both residential and commercial development; across the street from Stafford High School providing a committed consumer base to the location and driver of additional traffic.
Excellent demographics with 24,485 residents with an average household income of $126,636 within a 3-mile radius. Population growth of 30.9% since 2010, continuing 1.1% per year through 2027.
Commercial Real Estate Services
