September 3, 2025 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of a Chase Bank in Fredericksburg, Virginia. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,762,376.
Chase Bank is located at 9659 Patriot Highway in Fredericksburg, Virginia. The newly renovated retail branch consists of a 3,500 square foot building with four drive-thru lanes on a corner parcel. Chase Bank has 14+ years remaining on their Absolute NNN ground lease with three (3), five-year renewal options. The Lease call for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option period. Chase Bank is situated on a corner parcel at the signalized intersection of Spotsylvania County Parkway and Monroe Pass Road. The Property features outstanding frontage and visibility in the heart of Cosner’s Corner, a dominant commercial cluster located at the junction of US Routes 1 & 17, Spotsylvania County Parkway, and Interstate 95. Chase Bank is shadow anchored by a new Publix Supermarket and Kohl’s, is seconds from the newer Spotsylvania Regional Medical Center, a 133-bed hospital facility on a 75-acre medical campus, and is across the street 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.