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
Fredericksburg Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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