NNN Craft & Fabrics
For Sale
Contact for pricing
5685 Jefferson Davis Hwy, Fredericksburg, VA 22407
JOANN has operated since 2009 at a NNN site with an extended lease and corporate guarantee.
Property SizeContact for details
Lot Size2.43 Acres
Days on Market134
Property Features for 5685 Jefferson Davis Hwy
General Information
Standard status
Active
Lot size
2.43 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 16
Last Checked: Aug 14 at 7:49AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This JOANN Crafts & Fabrics NNN property is offered for sale. JOANN has operated at the site since 2009 and recently extended its lease, reflecting continued commitment to the location. The lease has 8 years remaining in the initial term, along with two, five-year option periods to renew, with 5% rental increases in the option periods. The lease is corporately guaranteed by JOANN. The retailer’s reported store sales are $3.4 million, within the average store sales range for this tenant. The property sits on a large 2.43-acre parcel.
The store is located within Cosner’s Corner, a retail and office destination totaling approximately 1 million square feet and featuring major tenants including Target, Publix, KOHL’s, Marshalls, ROSS, Panera Bread, and Taco Bell. The area is described as densely populated, with 4,930 people within 1 mile, 37,515 within 3 miles, and 82,225 within 5 miles. The remarks also note adjacency to The Allure at Jefferson, a 338-unit apartment complex built in 2018 and scheduled to open in early 2019.
With long-standing tenant presence and the noted NNN structure backed by a corporate guarantee, the property is positioned as a purpose-built retail investment within a larger established shopping center environment.
The store is located within Cosner’s Corner, a retail and office destination totaling approximately 1 million square feet and featuring major tenants including Target, Publix, KOHL’s, Marshalls, ROSS, Panera Bread, and Taco Bell. The area is described as densely populated, with 4,930 people within 1 mile, 37,515 within 3 miles, and 82,225 within 5 miles. The remarks also note adjacency to The Allure at Jefferson, a 338-unit apartment complex built in 2018 and scheduled to open in early 2019.
With long-standing tenant presence and the noted NNN structure backed by a corporate guarantee, the property is positioned as a purpose-built retail investment within a larger established shopping center environment.
Key Highlights
- JOANN Crafts & Fabrics has operated at this NNN site since 2009 and recently extended its lease
- Lease structure includes 8 years remaining in the initial term plus two 5‑year option periods with 5% rental increases
- NNN lease is corporately guaranteed by JOANN
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
532k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Superstores 23%
Shops & Services 15%
Home Improvements & Furnishings 7%
Walmart
Superstores
122,205 visits/mo
0.4 miles
Chick-fil-A
Dining
45,613 visits/mo
0.1 miles
McDonald's
Dining
42,041 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
38,508 visits/mo
0.5 miles
Exxon
Shops & Services
28,500 visits/mo
0.1 miles
Demographics for 22407, VA
62,668
Population
23,305
Households
2.7
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
1,027
Density / Sq Mi
$105,218
Median Household Income
$47,282
Median Earnings
$1,758
Median Rent
$376,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - JOANN has operated since 2009 at a NNN site with an extended lease and corporate guarantee.
Where is this retail space located?
The property is located at 5685 Jefferson Davis Hwy Fredericksburg, VA.
What are key features of this property?
This property features: JOANN Crafts & Fabrics has operated at this NNN site since 2009 and recently extended its lease; Lease structure includes 8 years remaining in the initial term plus two 5‑year option periods with 5% rental increases; NNN lease is corporately guaranteed by JOANN
