Silber Investment Properties is pleased to offer for sale a single-tenant NNN-leased Moe's Southwest Grill located at 1604 Stone Port Blvd in Harrisonburg, Virginia. Offered at $1,306,600 reflecting a 6.75% cap rate on $88,200 in annual rent.
The property features a true NNN lease structure with minimal landlord responsibilities, a 2030 lease expiration, and one 5-year renewal option with rent increases to Fair Market Value. The 3,053 SF building sits on 0.97 acres in the heart of the Stone Port commercial corridor one of Harrisonburg's primary retail growth nodes.
The site benefits from strong traffic exposure with Port Republic Road and Stone Spring Road each carrying approximately 14,000 VPD, and I-81 within close proximity at 57,000+ VPD. Surrounding national co-tenancy includes Wendy's, Bojangles, Walmart, Costco, Chipotle, Taco Bell, and CubeSmart. The property is also minutes from James Madison University, a major demand driver for the immediate trade area.