June 16, 2025 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of a Chick-fil-A in Fredericksburg, Virginia. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $2,850,000.
Chick-fil-A is located at 9900 Southpoint Parkway in Fredericksburg, Virginia. Chick-fil-A has been at this location since 2005 and just exercised their first 10-year renewal option, demonstrating their commitment to the site and the market. Chick-fil-A has 10+ years remaining on their Absolute NNN Ground Lease with one (1), ten-year renewal options. The Lease call for attractive 10% rent increases every five years throughout the base term and renewal option period. Chick-fil-A is situated on a corner parcel at the signalized intersection of Southpoint Parkway and Patriot Highway (US Routes 1 & 17). The Property is located within a dominant commercial cluster located at the junction of US Routes 1 & 17, Spotsylvania County Parkway, and Interstate 95. Chick-fil-A is adjacent to a Wendy’s and Wells Fargo Bank, is seconds from the Southpoint Shoppes (anchored by Walmart Supercenter and Lowe’s), and is in between the newer Spotsylvania Regional Medical Center, a 133-bed hospital facility on a 75-acre medical campus, and the VA Fredericksburg Health Care Center. Chick-fil-A is also just 0.75-miles from Cosner’s Corner Shopping Center, the largest mixed-use development in Spotsylvania County with nearly 1 million square feet in service.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.