facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Virginia

/

Retail

/

Sale

/

5621 Plank Road

Horvath & Tremblay Brokers Sell Chipotle & McAlister's Deli In Fredericksburg For $4.4M
SOLDRetail

Horvath & Tremblay Brokers Sell Chipotle & McAlister's Deli In Fredericksburg For $4.4M

5621 Plank Road

$4,408,842

$762/SF

Building Size

5,781 SF

Asset Type

Retail

Closing

Mar 28, 2024

AI

The property located at 5621 Plank Rd. (Ste. 100) in Fredericksburg, VA, was sold for a total of $4,408,842. The retail asset, situated on a 1.01-acre parcel, features a modern build-to-suit plaza housing Chipotle & McAlister’s Deli. The property spans 5,781 square feet, equating to a price per square foot of $763.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,408,842
  • Address: 5621 Plank Road
  • Market: Fredericksburg, VA
  • Square Footage: 5,781

Austin Smith and Kyle Danielson from Horvath & Tremblay were the brokers responsible for facilitating the sale of the Chipotle & McAlister’s Deli property in Fredericksburg, VA. The successful transaction was finalized on March 28, 2024.

Players

Kyle Danielson

Horvath & Tremblay

Broker

$55.2M

vol

15 deals

Broker

Fredericksburg Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.60%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93