CVS Distribution Center

500 Lansdowne Road
Fredericksburg, VA 22408

Overview

Jones Lang LaSalle (“JLL”) is pleased to offer for sale 500 Lansdowne Road in Fredericksburg, Virginia (the “Property” or “Asset”), a 487,897 square foot regional distribution center leased to CVSCaremark Corporation (“CVS”) on a bond NNN basis with 20 years of contractual term remaining. This highly secure long term lease guarantees payment of the rent as well as restoration of the building in event of property casualty. The building is strategically located between the Spotsylvania, Caroline County and Stafford County submarkets, offering access to Washington DC, Maryland, Virginia, and North Carolina where it serves a total of 377 CVS stores. One of 17 CVS distribution centers in the United States, this location is the only CVS distribution center within 190 miles of driving distance. The highly secure nature of the lease, the strength of the guarantor, and the strategic position in the Washington DC market, make this asset a phenomenal location for CVS as well as a net lease investment.
  • Primary Broker

    Peter Furest - Net Lease Broker
    Peter Furest
    (212) 812-5802

  • Secondary Broker(s)

    David Maloy - Net Lease Broker
    David Maloy
    212 812 5957

  • In-State Licensee

    Jeff Hurvitz - Net Lease Broker
    Jeff Hurvitz
    VA

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Investment Highlights
Highly Secure Bond Lease with Low PSF Rent
Investment Grade Tenancy
Strategic Washington DC Metro Location
Strong Industrial Market with Improving Metrics
General
Property Type Industrial
Property Address 500 Lansdowne Road
Fredericksburg, VA 22408
Market Washington, DC
Sub Market Spotsylvania County Ind
Land In Acres 39.40
Building Size 487,897 Square Feet
Primary Use Distribution
Tenancy Single-Tenant
Financial
Price Confidential
Cap Rate Confidential
Current NOI Confidential
Lease
Remaining Term Confidential