Three-Tenant Shopping
For Sale
Contact for pricing
Pending
5420 Southpoint Plaza Way, Fredericksburg, VA 22407
C-3-zoned retail center with established restaurant tenancy and full occupancy.
Property Size7,758 SF
Days on Market64
Property Features for 5420 Southpoint Plaza Way
General Information
Standard status
Pending
Size
7,758 SF
Total Parking Spaces
40
Property subtype
Retail
Zoning
C-3
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$170,251
Building Details
Year Built
2008
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Johnson Realty Advisors
Listed By:
Heather Hagerman · License #VA
(540) 548-2220
Source:
Crexi
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 14 at 10:54PM
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 Johnson Realty Advisors
Investment Insights
Based on property information with market context.
Built in 2008, this 7,758-square-foot shopping center at 5420 Southpoint Plaza Way is configured as a three-tenant retail property. The center is fully occupied by Chipotle Mexican Grill, Quickway Japanese Hibachi, and Clean Eatz, providing an established restaurant-oriented tenant roster.
The property is located in Fredericksburg, Virginia, and carries C-3 zoning. Its in-place cap rate is 6.02%, offering a defined operating profile for investors evaluating an occupied retail asset.
The property is located in Fredericksburg, Virginia, and carries C-3 zoning. Its in-place cap rate is 6.02%, offering a defined operating profile for investors evaluating an occupied retail asset.
Key Highlights
- 7,758‑square‑foot shopping center built in 2008
- Three‑tenant retail property with 100% occupancy
- Tenants include Chipotle Mexican Grill, Quickway Japanese Hibachi, and Clean Eatz
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,360
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,200
$2.3M
Cap Rate 7%
$1,676,571
$1.7M
Cap Rate 9%
$1,304,000
$1.3M
Market Conditions
NOI Build-Up for 7,758 SF
Gross rent
$162.0K $20.88/SF
− Vacancy
−$5.5K −$0.71/SF
EGI
$156.5K $20.17/SF
− OpEx
−$39.1K −$5.04/SF
NOI
$117.4K $15.13/SF
Area
Spotsylvania County, VA
Vacancy
3.40%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,200
Cap Rate 7%
$1,676,571
Cap Rate 9%
$1,304,000
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,360 @ 7.0% cap · market cap 4.15%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,443 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,227 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
585k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 25%
Superstores 21%
Electronics 2%
Walmart
Superstores
122,205 visits/mo
0.5 miles
Wawa
Shops & Services
62,877 visits/mo
0.5 miles
Chick-fil-A
Dining
45,613 visits/mo
0.1 miles
McDonald's
Dining
42,041 visits/mo
0.1 miles
Exxon
Shops & Services
28,500 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Cosner's Corner — 2215 Patriot Hwy, Fredericksburg, VA 22407
- Southpoint Shoppes — 10211 Southpoint Pkwy, Fredericksburg, VA 22407
Frequently Asked Questions
What type of property is this?
Shopping center - C-3-zoned retail center with established restaurant tenancy and full occupancy.
Where is this shopping center located?
The property is located at 5420 Southpoint Plaza Way Fredericksburg, VA.
What is the asking price?
The asking price for this property is $2,830,000.
What are key features of this property?
This property features: 7,758‑square‑foot shopping center built in 2008; Three‑tenant retail property with 100% occupancy; Tenants include Chipotle Mexican Grill, Quickway Japanese Hibachi, and Clean Eatz
