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510 Lansdowne Rd Fredericksburg, VA 22408

Sponsored
For Sale
$10,100,000

7.01% Cap Rate, Single-Tenant, NNN Lease

Property size:
40,455 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
Exceptional investment opportunity: a 40,455 square foot Class A industrial building in Fredericksburg, VA, situated on a 7.62-acre lot. This single-tenant property, built in 2017, is 100% occupied by a credit-rated tenant under a NNN lease with a corporate guarantee, offering a stable income stream. The lease, commencing November 1, 2018, has a remaining term of approximately 3.9 years, followed by two 5-year options with annual 3% rent bumps. The property features 103 parking spaces and one loading dock. The tenant, a global leader in military and industrial product design and manufacturing, utilizes the building as its Blade Center, incorporating both indoor and outdoor space for research and development. The property's I-1 zoning and strategic location provide significant long-term value. The building boasts 40,455 square feet of net rentable space and includes an additional 3.69 acres of outdoor storage. The strong financial performance is highlighted by a 7.01% cap rate and a current NOI of $707,679. This fee-simple ownership offers a secure and lucrative investment opportunity with significant upside potential. The property's address is 510 Lansdowne Rd, Fredericksburg, VA 22408.

Property Features for 510 Lansdowne Rd

General Information

Property type
Life science properties
Square Feet
40,455 SF
Class
A
Lot Size
331,927 SF

Building Details

Year Built
2017
Buildings
1
Stories
1
Units
1

HighLights

  • Class A, 40,455 SF industrial building on a 7.62‑acre lot in Fredericksburg, VA.
  • Single‑tenant, NNN lease with corporate guarantee; 100% occupancy.
  • Built in 2017, lease expires October 31, 2028, with two 5‑year options and 3% annual rent increases.
  • Tenant is HDT Global, a global leader in military and industrial product design and manufacturing; property serves as their Blade Center.
  • 7.01% cap rate and $707,679 current NOI.
Property Profile Location Intelligence

Current Use by Public Records

HDT Global Engineer

Suggested Use

Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fredericksburg
County
Spotsylvania
State
Virginia
Longitude
-77.4613234
Latitude
38.2643272

FAQs

What type of property is this?
Life science property - 7.01% Cap Rate, Single-Tenant, NNN Lease
Where is this life science property located?
The property is located at 510 Lansdowne Rd Fredericksburg, VA.
What is the asking price?
The asking price for this property is $10,100,000.
What are key features of this property?
This property features: Class A, 40,455 SF industrial building on a 7.62-acre lot in Fredericksburg, VA.; Single-tenant, NNN lease with corporate guarantee; 100% occupancy.; Built in 2017, lease expires October 31, 2028, with two 5-year options and 3% annual rent increases.
More about this property
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