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Moes Southwest Grill 1604 Stone Port Blvd 3,053 SF Retail Building Harrisonburg, VA 22801 $1,306,600 ($427.97/SF) 6.75% Cap Rate
Investment Highlights
- Strategically positioned within the Stone Port commercial corridor, one of Harrisonburg’s strongest retail and mixed-use growth areas.
- Minutes from James Madison University, a major economic driver with a large student and employment base.
Executive Summary
The property features a true NNN lease structure with minimal landlord responsibilities, a 2030 lease expiration, and one 5-year renewal option with rent increases to Fair Market Value. The 3,053 SF building sits on 0.97 acres in the heart of the Stone Port commercial corridor one of Harrisonburg's primary retail growth nodes.
The site benefits from strong traffic exposure with Port Republic Road and Stone Spring Road each carrying approximately 14,000 VPD, and I-81 within close proximity at 57,000+ VPD. Surrounding national co-tenancy includes Wendy's, Bojangles, Walmart, Costco, Chipotle, Taco Bell, and CubeSmart. The property is also minutes from James Madison University, a major demand driver for the immediate trade area.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2030
Moe’s Southwest Grill is a fast-casual restaurant brand founded in 2000 in Atlanta, Georgia. The company specializes in customizable Southwestern-inspired dishes, including burritos, tacos, and quesadillas, and is known for its signature “Welcome to Moe’s!” greeting. Moe’s operates under the GoTo Foods portfolio, which includes other well-known brands such as Auntie Anne’s and Cinnabon. The brand has grown to hundreds of locations across the United States, offering fresh ingredients and a menu designed for flexibility. Moe’s Southwest Grill is privately held and continues to expand its footprint through franchising initiatives.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Dec 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 125-25-L11 | Improvements Assessment | $559,200 |
| Land Assessment | $506,000 | Total Assessment | $1,065,200 |
Property Taxes
Presented by
Moes Southwest Grill | 1604 Stone Port Blvd
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