Fredericksburg Drive-Thru Restaurant
1700 Princess Anne St Fredericksburg, VA
1700 Princess Anne St, Fredericksburg, VA, 00000
Contact for pricing
For Sale
Contact for pricing
Move-in ready drive-thru restaurant in downtown Fredericksburg.
Property Size3,670 SF
Lot Size0.79 Acres
Price / SF$489.10
Days on Market467
Property Features for 1700 Princess Anne St
General Information
- Standard status
- Active
- Size
- 3,670 SF
- Lot size
- 0.79 Acres
- Property subtype
- RETAIL
Properties For Sale
at 1700 Princess Anne St Contact us
Listing Agency
Cushman & Wakefield | Thalhimer - Fredericksburg
(540) 327-2134
Listed by
Jamie Scully · License #0225082322
(540) 327-2134
Source
Moodyscre
Added: Apr 11, 2025 Updated: Jul 6 at 10:14 am Checked: Jul 20 at 2:30 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Thalhimer - Fredericksburg
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a fast-food drive-thru restaurant in downtown Fredericksburg. The property, formerly a Hardees, is move-in ready and available immediately. It is located on Route 1 Business and Princess Anne Street. The property size is 3,670 square feet. This property is suitable for drive-through restaurants, restaurants, retail properties, and turn-key restaurants.
Key Highlights
- Rare fast‑food drive‑thru in downtown Fredericksburg
- Move‑in ready condition
- Located on Rt. 1 Business and Princess Anne St.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $20.88 |
| − Vacancy | −$2.6k | −$0.71 |
| EGI | $74.0k | $20.17 |
| − OpEx | −$18.5k | −$5.04 |
| NOI | $55.5k | $15.13 |
3,670 SF · lease $20.88/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$793.1K
$694.0K – $925.3K
NOI $55,518 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$746.4K
$653.1K – $870.8K
NOI $52,246 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,528 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Move-in ready drive-thru restaurant in downtown Fredericksburg.
Where is this drive through restaurant located?
The property is located at 1700 Princess Anne St Fredericksburg, VA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Rare fast‑food drive‑thru in downtown Fredericksburg; Move‑in ready condition; Located on Rt. 1 Business and Princess Anne St.
