APTA (Dr. Vasu K) Presents - Real Estate Investment Opportunity Near Target In a High Income Area

27-Gateway is a 40,617 SF retail center in Fredericksburg, Virginia, adjacent to a recently renovated Super Target and currently 100% occupied. The property sits at a premier I-95 interchange between Washington, D.C. and Richmond in one of the Mid-Atlantic’s fastest-growing corridors.

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Market fundamentals are supported by strong demographic and economic trends:

  • $138K+ average household income in the trade area, nearly double the national average
  • 20%+ household income growth over the past five years, compared to 3% nationally
  • 58% population growth since 2000, materially outpacing national averages.

The opportunity is projected to offer an 8.39% going-in cap rate, an 8% preferred return, and an 11%+ projected IRR over a 10-year hold period. In-place rents are estimated to be 18–22% below market, providing meaningful embedded upside through future lease rollover.

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