1882 Port Republic Rd - Retail FOR SALE


Harrisonburg, VA 22801
$2,825,828 USD
914-403-7574
1882 Port Republic Rd, Harrisonburg, VA for Sale
$2,825,828 USD
Retail - FOR SALE
1/2
null | 5.5% Cap Rate

1882 Port Republic Rd
Harrisonburg, VA 22801


HIGHLIGHTS

  • Outparcel to Walmart
  • Strategically Located to James Madison University and Student Housing
  • Proximity to Sentara RMH Medical Center
  • Adjacent to The Altitude Apartments

OVERVIEW

Surmount is pleased to present the exclusive listing for a Wendy's located at 1882 Port Republic Rd, Rockingham, VA 22801. The site consists of roughly 2,800 rentable square feet of building space on an estimated 1.11-acre parcel of land. This Wendy's is subject to a 20-year Triple Net (NNN) lease, which commenced 9/4/2025. The current annual rent is $155,421 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$2,825,828 USD

PRICE/SF

$1,070 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,395 SF

ZONING

GENERAL BU

APN/PARCEL ID

125-20-L6

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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