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 2027 NOI Escalation
  • The Market's Retail Spine
  • A Strong Local Market
  • Proven Franchise Backing

OVERVIEW

This site sits along Harrisonburg’s East Market Street, the primary retail corridor of the city and home to the largest concentration of the market’s national retail tenants. Commuter traffic funneled between Interstate 81 to the north and Rockingham County to the south supply this frontage with approximately 29,000 vehicles per day. The site is only minutes away from the area’s main office concentration and James Madison University, the city’s largest educational institution and strongest economic driver, ensuring a reliable customer base is present year-round. The triple-net status of this lease affords the buyer a zero-responsibility arrangement, with no real estate tax, property insurance, utility, or maintenance fees required of the buyer. A recurring 10% rent escalation is included every five years through the standing 15-year lease term, with the next escalation planned for April of 2027. This is backed by a reliable guaranty from the franchisor, Quick Lube of Carolina, LLC that further strengthens the backing for investment.

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, 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.