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Freestanding Bank With Drive-Thru
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1001 Gordon W Shelton Blvd, Fredericksburg, VA 22401

Freestanding bank facility with dedicated drive-thru service and an absolute triple-net ground lease.

Property SizeContact for details
Days on Market143

Property Features for 1001 Gordon W Shelton Blvd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Matthews
Listed By: Aria Pournazarian · License #CA 01918248
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:22PM

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 Matthews

Investment Insights

Based on property information with market context.

The property is a freestanding bank building completed in 2009, containing approximately 3,718 square feet on approximately 56,628 square feet of land. Improvements include three drive-thru lanes and ample parking. The asset is located at 1001 Gordon W. Shelton Blvd in Fredericksburg, Virginia, within Celebrate Virginia South and positioned as an outparcel to a Wegmans supermarket.

The ground lease is structured as absolute triple-net, with no landlord responsibility. The corporately guaranteed initial term runs through July 2029 and includes two five-year extension options. Contractual rent increases are set at 11 percent every five years. The property is leased to PNC Bank.

Key Highlights

  • Freestanding bank building completed in 2009
  • Approximately 3,718 square feet on approximately 56,628 square feet of land
  • Three drive‑thru lanes and ample parking

Property Analytics

Current Use

PNC Mortgage Loan Service PNC ATM Atm PNC Bank Bank

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Butcher HVAC Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,134
Businesses Nearby
757k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 35% Superstores 33% Dining 16% Apparel 9%
Walmart Superstores
136,300 visits/mo 0.3 miles
Target Superstores
112,400 visits/mo 0.2 miles
Wawa Shops & Services
63,534 visits/mo 0.4 miles
Hobby Lobby Shops & Services
45,347 visits/mo 0.3 miles
Academy Sports + Outdoors Apparel
38,487 visits/mo 0.3 miles

Demographics for 22401, VA

27,799
Population
12,270
Households
2.3
Avg Household Size
32
Median Age
47%
College-Educated
93%
High-School Grad
10.4 sq mi
ZIP Area
2,673
Density / Sq Mi
$85,432
Median Household Income
$46,891
Median Earnings
$1,518
Median Rent
$461,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Freestanding bank facility with dedicated drive-thru service and an absolute triple-net ground lease.
Where is this bank located?
The property is located at 1001 Gordon W Shelton Blvd Fredericksburg, VA.
What are key features of this property?
This property features: Freestanding bank building completed in 2009; Approximately 3,718 square feet on approximately 56,628 square feet of land; Three drive‑thru lanes and ample parking
More about this property
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