Carter's Crossing 27 S Gateway Dr

Bull Realty, Inc. is pleased to exclusively offer for sale Carter’s Crossing (the “Property”), a 100% leased, 40,617 square foot community center shadow anchored by a high-performing Target in Fredericksburg, Virginia. The Property benefits from a national tenant roster including PetSmart and Anytime Fitness, which comprise over half of the GLA. Both of these tenants have a proven operating history at this location, and PetSmart has been at Carter’s Crossing since its original development in 2007. Anytime Fitness recently exercised an early 6-year extension contributing to the Property’s approximate weighted 4.0 average lease term remaining.
The Property is located along the main commercial corridor of Fredericksburg (Route 17) just off Interstate 95, the East Coast’s main corridor which sees over 170,000 combined vehicles per day, including 74,900 which pass directly by the Property. Located within a dynamic, infill location in the fast-growing Fredericksburg market.
The Property benefits from the 10.7M SF of retail, 4.8M SF of office, and 8,279 apartment units located within a five-mile radius. All of the Tenants reimburse for operating expenses and pay rent on a NNN basis. This property is available to purchase for $10,000,000, which based on the scheduled rents, and delivers this property to market at a 7.5% cap rate.

Broker Contacts:
Will Young
Bull Realty
WYoung@BullRealty.com
404-876-1640 x141
Brian Brockman
Bang Realty
Brian@BangRealty.com
518-898-1551
VA License # 0225245999