4300 Plank Rd Fredericksburg, VA 22407

This exceptional commercial property, located at 4300 Plank Road in Fredericksburg, Virginia, presents a compelling investment opportunity. The 20,000 square foot building sits on a 2.01-acre lot and boasts a 95% occupancy rate, with the landlord prepared to master lease the remaining 1,000 square feet for one year. Built in 1990, this multi-tenant property features a desirable NNN lease structure with built-in rent bumps, ensuring consistent income growth. The property enjoys a prime location on Route 3, a high-traffic retail corridor with over 70,000 vehicles passing daily. Its strategic placement near I-95, a large commuter lot, Chancellor Center (anchored by Planet Fitness, Aldi, and Tractor Supply), and densely populated residential areas (over 50,000 residents within 3 miles and 100,000 within 5 miles) contributes to its strong performance. The property includes ample parking (110 spaces, a 5.5:1 ratio) and is zoned C2. The asking price is $7,400,000, with a current Net Operating Income (NOI) of $430,000. Solid leases with 3% annual increases and a strong occupancy history further enhance this investment's appeal. This fee-simple ownership offers a rare chance to acquire a well-established, high-performing commercial asset in a thriving market. Detailed financial information is available upon request.