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$ 2,016,667
Est. payment /mo
Active
2075 MARKET ST E Harrisonburg, VA 22801
2,940 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 2,940 sqft
Price per Sqft $685
MLS Listing ID 675788
HOA Y/N No
Year Built 1989
Tax Year 2026
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Building
Property Description
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.
Location
State VA
County Harrisonburg
Zoning B-2 General Business
Direction Along E Market St.
Interior
Fireplace No
Building
Level or Stories One
Others
Tax ID 074 F 4-A
Listed by Cottonwood Commercial LLC