Listing Agency: Cushman & Wakefield | Thalhimer - Corporate v***@thalhimer.com Show Phone

Listed By: Jim Ashby IV · License #0225029080 Show Phone

Source: Moodyscre

Added: Nov 26, 2024 Changed: Jul 10 Last Checked: Jul 21 at 6:38AM

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Investment Insights

Based on property information with market context.

This property offers 1,260 square feet of retail space within a 61,774 square foot neighborhood shopping center. The center is located at the intersection of Kings Highway (State Route 3) and Ferry Road (Route 606), providing high visibility and accessibility. The location benefits from approximately 200 parking spaces. A population of around 50,000 resides within a 3-mile radius, with an average household income exceeding $100,000. The shopping center is situated just minutes from downtown Fredericksburg.

Key Highlights

• High average household income ($100,000+) within a 3‑mile radius.
• Significant population density (50,000) within a 3‑mile radius.
• Substantial size: 61,774 SF neighborhood shopping center.

Property Analytics

Property Profile

Current Use

Strip malls

Suggested Use

Top Pick Dental Office Storage Facility Auto Parts Store Big Box & Wholesale Store Food Market Grocery & Convenience Store

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

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

533

Businesses Nearby

27k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

McDonald's Dining

23,406 visits/mo 0.1 miles

Vinny's Italian Grill & Pizzeria Dining

3,335 visits/mo 0.2 miles

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - Neighborhood shopping center with ample parking near downtown Fredericksburg.

Where is this strip mall located?

The property is located at 201-207 Kings Hwy Fredericksburg, VA.

What are key features of this property?

This property features: High average household income ($100,000+) within a 3‑mile radius.; Significant population density (50,000) within a 3‑mile radius.; Substantial size: **61,774 SF neighborhood shopping center.**