Retail Strip Center With
For Sale
Contact for pricing
5635 Plank Road, Fredericksburg, VA 22407
Fully leased retail center with five national tenants and direct exposure to an established retail corridor.
Property Size8,028 SF
Lot Size1.23 Acres
Price / SF$702.54
Days on Market8
Property Features for 5635 Plank Road
General Information
Standard status
Active
Size
8,028 SF
Lot size
1.23 Acres
Property subtype
Retail
Occupancy
100%
Net Operating Income
$313,853
Financials
Asking Price
$5,640,000
Cap Rate
5.56%
Site & Location
Drive-Thru
Yes
Anchor Co-Tenants
Home Depot, Giant Food
Traffic Count
74,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Elite
Listed By:
Cameron Coleman · License #0225271416
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 5 at 10:34AM
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 Coldwell Banker Commercial Elite
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center includes a drive-through component and is fully leased to five national retail and restaurant operators: Wingstop, AT&T through Prime Communications, Jersey Mike's Subs, Supercuts, and Burger King. The property contains 1.23 acres and reports 100% leased occupancy. Its tenant roster spans food service, telecommunications, personal care, and quick-service dining uses.
The center fronts Plank Road, also identified as Route 3, a major east-west retail route connecting Fredericksburg with I-95. It functions as an outparcel to Harrison Crossing, an approximately 400,000-square-foot power center anchored by Home Depot and Giant Food. Plank Road traffic is reported at 74,000 vehicles per day, while the broader Harrison Crossing development maintains vacancy below 2%. The property is located at 5635 Plank Road in Fredericksburg, Virginia 22407.
The center fronts Plank Road, also identified as Route 3, a major east-west retail route connecting Fredericksburg with I-95. It functions as an outparcel to Harrison Crossing, an approximately 400,000-square-foot power center anchored by Home Depot and Giant Food. Plank Road traffic is reported at 74,000 vehicles per day, while the broader Harrison Crossing development maintains vacancy below 2%. The property is located at 5635 Plank Road in Fredericksburg, Virginia 22407.
Key Highlights
- 1.23‑acre retail strip center with drive‑through component
- 100% leased occupancy with 5 national retail and restaurant tenants
- Wingstop, AT&T, Jersey Mike's Subs, Supercuts, and Burger King occupy the center
Property Analytics
Current Use
Lease Details
74,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 21%
Shops & Services 15%
Home Improvements & Furnishings 10%
Giant
Groceries
48,940 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
33,812 visits/mo
0.3 miles
McDonald's
Dining
27,654 visits/mo
0.2 miles
SONIC Drive In
Dining
24,800 visits/mo
0.3 miles
Lidl
Groceries
23,827 visits/mo
0.3 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?
Strip mall - Fully leased retail center with five national tenants and direct exposure to an established retail corridor.
Where is this strip mall located?
The property is located at 5635 Plank Road Fredericksburg, VA.
What is the asking price?
The asking price for this property is $5,640,000.
What are key features of this property?
This property features: 1.23‑acre retail strip center with drive‑through component; 100% leased occupancy with 5 national retail and restaurant tenants; Wingstop, AT&T, Jersey Mike's Subs, Supercuts, and Burger King occupy the center
