5635 Plank Road, Fredericksburg, VA

Retail for Sale - $5,640,000 - 8,028 Sq. Ft. on 1 acres


Agent Info

Cameron Coleman
Coldwell Banker Commercial Elite

Property Info

CIMLS#1194597
Location
  5635 Plank Road
  Fredericksburg VA 22407
UpdatedJuly 29th, 2026
TypeRetail
Price$5,640,000
Building8,028 Sq. Ft.
Land1 acres

Property Description

The property fronts Plank Road (Route 3), the primary east-west retail corridor connecting Fredericksburg to I-95, and sits among the area's most productive big-box and grocery-anchored centers. This corridor benefits from the same growth drivers reshaping the broader Fredericksburg market — the FredEx I-95 express lane extension, continued residential build-out, and the region's expanding data-center and logistics economy.

POSITIONED AS AN OUTPARCEL TO HARRISON CROSSING, A ±400,000 SF POWER CENTER ANCHORED BY HOME DEPOT AND GIANT FOOD

LOCATED DIRECTLY ALONG PLANK ROAD (ROUTE 3) — 74,000 VEHICLES PER DAY

MINUTES FROM DOWNTOWN FREDERICKSBURG'S HISTORIC DISTRICT

5635 Plank Road is fully leased to five national and credit-rated retail and restaurant concepts — Wingstop, AT&T (Prime Communications), Jersey Mike's Subs, Supercuts, and Burger King. Each operator brings a proven, multi-thousand-unit national footprint to the center, providing a next owner with durable, diversified cash flow and minimal releasing risk.

5635 Plank Road sits as an outparcel to Harrison Crossing, a ±400,000 SF power center anchored by Home Depot and Giant Food. The overall Harrison Crossing development maintains a vacancy rate of less than 2%, underscoring the strength and stability of this retail node and the daily co-tenancy traffic the subject property benefits from.

ADDRESS - 5635 Plank Road, Fredericksburg, VA 22407

PROPERTY TYPE - Multi-Tenant Retail Strip Center w/ Drive-Thru

ACREAGE - 1.23 Acres

OCCUPANCY - 100% Leased

TOTAL GLA - 8,037 SF

NUMBER OF TENANTS - 5 (all national tenants)

NET OPERATING INCOME - $313,853

PRICE - $5,640,000

CAP RATE - 5.56%


Financials