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Investment Highlights

  • Absolute NNN Ground Lease with 2027 NOI Escalation
  • A Strong Local Market
  • The Market's Retail Spine
  • Proven Franchise Backing

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,940 SF
Building Class
B
Year Built/Renovated
1989/2022
Price
$2,016,667
Price Per SF
$685.94
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.63 AC
Zoning
B2
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Red Lobster
CrossFit
Applebee's
Five Guys
Starbucks
First Bank & Trust Company
United Bank
Bank of America
Truist
Atlantic Union Bank

Property Taxes

Property Taxes

Parcel Number
074-F-4-A
Land Assessment
$607,800
Improvements Assessment
$518,200
Total Assessment
$1,126,000
  • Listing ID: 40147025

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 2075 E Market St, Harrisonburg, VA 22801

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