Property Details

SunTrust Bank

Fredericksburg, VA
Property ID: 9400

Financial Summary

Asking Price $2,904,000
Cap Rate 5.00%
Net Operating Income (NOI) $145,200
Lease Type Ground Lease, NNN
Lease Term Remaining 10 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

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Highlights

  • S&P: A- investment grade SunTrust guarantee
  • Signalized corner pad site across from Walmart and Lowe's
  • Located in dense retail trade area just off Interstate 95
  • Low to market rent for NNN retail use
  • 1 hour from Washington DC Reagan Airport

Net Lease Advisor

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Location

10000 Southpoint Parkway
Fredericksburg, VA

Leigh ClineSunTrust Bank