Wells Fargo (Ground Lease)

Wells Fargo (Ground Lease)

Fredericksburg, VA

Fredericksburg, VA

Wells Fargo (Ground Lease)

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease Wells Fargo in Fredericksburg, VA. The property consists of a 4,051-square-foot, freestanding building that sits on approximately 1.33 acres of land. There are 1.8 years remaining on the lease with 10% rental increases every 5 years.

Price $3,521,000
Cap Rate 7.75%
Building Size 4,051 sqft
Lot Size 1.33 acres
Year Built 2006
Offering Memorandum

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Corporate Ground Lease With 1.8 Years Remaining
  • Excellent Visibility on Heavily-Trafficked Route 17 (Warrenton Road), Where Traffic Counts Exceed 40,979 Vehicles per Day
  • 1.33-Acre Outparcel in Giant Food-Anchored Retail Center – Part of the Celebrate Virginia Mixed-Use Development
  • 18-Year Operating History
  • Strategic Location between Washington, D.C., and Richmond, VA
  • Wells Fargo is the 4th Largest Bank in the U.S. by Total Assets
  • Major Business Corridor on Route 17 (Warrenton Road) – Home to GEICO, McLane, and the FBI

Ryan Wolf

First Vice President Investments
(972) 755-5207
RWolf@marcusmillichap.com
License: TX 622900

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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