About 2075 Market St E
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.
Features of 2075 Market St E
| MLS® # | 675788 |
|---|---|
| Price | $2,016,667.00 |
| Bathrooms | 0.00 |
| Square Footage | 2,940.00 |
| Acres | 0.63 |
| Year Built | 1989 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
| Zoning | B-2 General Business |
Community Information
| Address | 2075 Market St E |
|---|---|
| City | Harrisonburg |
| County | Harrisonburg |
| State | VA |
| Zip Code | 22801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
| Stories | One |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
Listing Details
| Office | Cottonwood Commercial LLC |
|---|