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© 2020 by ​Marsteller Realty,Inc.

Properties for Sale

Please contact us for a complete listing of available properties!

Advance Auto Parts
Fredericksburg, Virginia

Location: Located at the NE corner of Tidewater Trail and Benchmark Road. Site is an outparcel to a Weis Markets anchored shopping center, with other retailers including CVS and Creative Childcare. Daily traffic counts of 24,000 VPD on Tidewater Trl (Rt.17 Bus). Located 5 miles east of I-95.

Building: 6,944 +/- sf built in 2007 zoned C-2 commercial.

 

Land: 1.14 acres or 49,658 +/- sq. ft.

Existing Lease: ~ 4 years remaining running until March 31, 2022 on a corporate NN* lease, with three, five-year options remaining. Landlord is responsible for capital repairs to slab, foundation, and structure. Landlord is also responsible to carry a $2M liability policy and name Tenant as additionally insured (approx. $800 to $900 annually). Tenant reimburses Landlord for taxes biannually and Property Owners Association fee annually. Roof is Tenant’s responsibility.

Demographics: Population of 28,297 in 2016 with a 17.8% growth over the past 10 years. Median household income of $51,762.

Rent: $133,805 with percentage rent of 2.5% of gross sales above breakpoint..

Store Sales: Total Sales reported of $1,584,590 and have held steady.

Asking Price: $1,871,399 or a 7.15% cap

Contact Rachel Marsteller at 301-514-3069 or Rachel@marstellerrealty.com for more information or to make an offer. 

 

 

 

Rite Aid (Walgreens Credit)
Shepherdstown, West Virginia

Location: Located at the NE corner of Martinsburg Pike (Rt.45) and Maddex Square Drive. Located adjacent to Food Lion, United Bank, McDonalds, Quality Inn and less than a mile from Shepherd University with an enrollment of 3,779 students.

Building11,597 +/- sf building built in 1998 with drive-thru window.

 

Land: 1.74+/- acres of land.

Existing Lease: Tenant has been on site for 20 years just exercised it first five year option running until March 30, 2023 on a corporate NN lease, with three, five-year options remaining with rare approx. 3.9% rental increases in each of the options. Landlord is responsible for roof and structure.

Rent: $146,167 annual minimum rent vs. 1.5% of sales. Features rare approx. 3.9% rental increases in each of the five-year option periods.

Store Sales: Consistent total store sales reported $4,391,000 for 2017 with an attractive 3.32% rent to sales ratio, excluding beer and wine, lottery, tobacco products, milk & bread, soft drinks, etc. and paying a rent of $12.88 per sq. ft.

Asking Price: $2,165,437 or a 6.75% cap

Contact Rachel Marsteller at 301-514-3069 or Rachel@marstellerrealty.com for more information or to make an offer.