2075 E Market St - Auto Repair FOR SALE


Harrisonburg, VA 22801
$2,016,667 USD
540-271-7525
2075 E Market St, Harrisonburg, VA for Sale
$2,016,667 USD
Auto Repair - FOR SALE
1/8
null | Request Cap Rate

2075 E Market St
Harrisonburg, VA 22801


HIGHLIGHTS

  • Absolute NNN Ground Lease with Zero Landlord Responsibility.
  • High-Visibility Location on East Market Street
  • One of Virginia’s Fastest-Growing Metros
  • Proven Operator with National Franchise Backing
  • Price: $2,016,667 | Cap: 6.00%

OVERVIEW

The property sits on East Market Street (Route 33), the primary commercial corridor in the market area, with traffic counts of 29,000 vehicles per day. As an outparcel to Skyline Village Shopping Center the subject property benefits from daily traffic generators in most of the most visited centers in Harrisonburg. The tenant operates under an absolute triple-net ground lease, assuming full responsibility for real estate taxes, property insurance, utilities, maintenance, and all common area obligations. The lease features 10% rent escalations every five years through the initial term and all four renewal options, delivering predictable income growth over a potential 35-year total occupancy. The lease enters Year 5 in April 2026, with the first contractual rent increase taking effect on April 13, 2027 — lifting the annual base rent from $110,000 to $121,000, a 10% increase.

FOR SALE DETAILS

PRICE

$2,016,667 USD

PRICE/SF

$686 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TAKE 5 OIL CHANGE GROUND LEASE HARRISONBURG

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

B2

APN/PARCEL ID

074-F-4-A

ASK ABOUT THIS PROPERTY

Tim ReamerCottonwood CommercialMore Info
540-271-7525

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Tim ReamerCottonwood CommercialMore Info
540-271-7525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.