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- LoopNet Team
111 Burgess Rd
Harrisonburg, VA 22801
FORMER RUBY TUESDAY · Property For Lease
HIGHLIGHTS
- 5,060 sf former Ruby Tuesday available for lease | Rare second generation restaurant space in the market.
- Less than ½ mile from Interstate 81 (61,000vpd), James Madison University (22,000 students), fourteen hotels, and the market’s pr
- The actual trade area far exceeds this number (200,0000+) as Harrisonburg serves as a regional destination for shopping and employment.
- Located in Harrisonburg Crossing (532,000sf), the market’s top shopping destination with retailers including Walmart, Home Depot,
- The immediate trade area includes 130,000 consumers in addition to James Madison University (22,000) students.
PROPERTY FACTS
| Property Type | Retail | Total Land Area | 0.36 AC |
| Property Subtype | Restaurant | Year Built/Renovated | 2006/2022 |
| Gross Leasable Area | 5,060 SF | Parking Ratio | 9.88/1,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,060 SF |
| Total Land Area | 0.36 AC |
| Year Built/Renovated | 2006/2022 |
| Parking Ratio | 9.88/1,000 SF |
ABOUT THE PROPERTY
The former Ruby Tuesday is located in one of the most active commercial areas on the I-81 corridor. The 5,060 sf restaurant is positioned immediately off of I-81, Exit 247, at an intersection yielding the highest combined traffic counts in the metro area. The space is immediately surrounded by 532,000sf of consumer generators like Home Depot, Walmart, Best Buy, Chipotle and Panera Bread in the market’s top shopping destination. In addition to the area activity driven by retail, four new hotels are under construction in close proximity and the property is within site distance of James Madison University (22,000 students) with the new JMU Convocation Center ( www.jmuconvo.com ) is situated directly across Reservoir Street. Access to the property is provided by a signalized intersection on Burgess Road, which also serves as the primary entrance to the center and enhances the visibility of the space. Parking is shared among all users, but seventy-two parking spaces surround the building and effectively provide dedicated stalls. Harrisonburg is one of the fastest growing cities in Virginia, recently surpassing Charlottesville, and the Harrisonburg metro is the second fasting growing in the state. The market was recognized as one of the top twenty emerging metros in the U.S. as job gains, wages, real retail sales growth, and building permits continue to outpace most of the Commonwealth of Virginia on a percentage basis. The metro area population exceeds 130,000 and the actual trade area is expanded with Harrisonburg' s status as a regional destination for consumers well outside the traditional drive-time radius. The metro attracts shoppers from 20+ miles away with an estimated market served population of 222,000. In addition to James Madison University (22,000 students), the Harrisonburg metro is home to three other colleges and universities. Eastern Mennonite University, with an enrollment of 1,870; Bridgewater College has 1,800 students; and Blue Ridge Community College adds 7,315 students to the area.
