Diner with Long-Term Ground
New
For Sale
$6,000,000
2951 Plank Rd, Fredericksburg, VA 22401
A Silver Diner operates here under a corporate-guaranteed ground lease within Central Park.
Property Size5,946 SF
Lot Size1.86 Acres
Price / SF$1,009
Days on Market2
Property Features for 2951 Plank Rd
General Information
Standard status
Active
Size
5,946 SF
Lot size
1.86 Acres
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Traffic Count
80,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Exceptional Corner Location
Established, Growing Regional Brand
Strong Tenant Reported Sales Volume
Growing Fredericksburg/DC Exurb Location
10% Increases every 5 Years
Building Details
Building Size
5,946 SF
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Dean Zang · License #License(s): MD: 665335, VA: 0225239201
(202) 536-3754
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:56AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This 5,946-square-foot diner opened in 2024 on a 1.86-acre parcel. Silver Diner occupies the property under a 20-year NNN ground lease, with 18 years remaining. The lease includes 10 percent rent increases every five years during the base term and two five-year extension options. Silver Diner Holdings Inc. provides the corporate guarantee.
The property is on Plank Road at the first signalized intersection after the I-95 interchange, within Central Park in Fredericksburg. Plank Road carries 80,000 vehicles per day at the center. Central Park is a 2.5 million-square-foot retail complex anchored by Walmart Supercenter, Wegman’s, Target, Lowe’s, Kohl’s, and Regal Cinemas.
The property is on Plank Road at the first signalized intersection after the I-95 interchange, within Central Park in Fredericksburg. Plank Road carries 80,000 vehicles per day at the center. Central Park is a 2.5 million-square-foot retail complex anchored by Walmart Supercenter, Wegman’s, Target, Lowe’s, Kohl’s, and Regal Cinemas.
Key Highlights
- 5,946‑square‑foot diner on 1.86 acres
- 20‑year NNN ground lease with 18 years remaining
- 10 percent rent increases every five years during the base term
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
80,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
988k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Superstores 25%
Apparel 20%
Dining 16%
Costco Wholesale
Superstores
135,251 visits/mo
0.5 miles
Target
Superstores
112,400 visits/mo
0.2 miles
Belk
Apparel
65,424 visits/mo
0.4 miles
Wawa
Shops & Services
63,534 visits/mo
0.0 miles
Macy's
Apparel
45,579 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Breakfast & diner - A Silver Diner operates here under a corporate-guaranteed ground lease within Central Park.
Where is this breakfast & diner located?
The property is located at 2951 Plank Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 5,946‑square‑foot diner on 1.86 acres; 20‑year NNN ground lease with 18 years remaining; 10 percent rent increases every five years during the base term
