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FORMER ISLAND WING RESTAURANT | CLOSE TO JMU 350 University Blvd 7,110 SF of Retail Space Available in Harrisonburg, VA 22801
HIGHLIGHTS
- WITHIN WALKING DISTANCE TO JMU, SURROUNDED BY MANY ESTABLISHED BUSINESSES
- 7110 SF BUILDING WITH DRIVE THRU
- HIGH CAPACITY KITCHEN/BAR - EQUIPMENT CAN ALSO BE PURCHASED
- AVAILABLE FOR SALE: $3,750,000 OR LEASE: $19,000 PER MONTH TRIPLE NET
- SEATS 304 WITH ADDITIONAL OUTDOOR SEATING
- 2.09 ACRES - 149 PARKING STALLS
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,110 SF | Negotiable | $32.06 /SF/YR $2.67 /SF/MO $227,947 /YR $18,996 /MO | Triple Net (NNN) |
1st Floor
The former Island Wing is located in Harrisonburg, Virginia less than one mile from Interstate 81 on one of the area’s primary commercial corridors, University Blvd (20,000+ADT). Excellent feeder roads and just off the campus of James Madison University (22,000 students) place it among the most desirable locations in the market. Totally overhauled in 2021, the 7,110sf structure features a high capacity kitchen/bar; a dining area that seats approximately 304; and building systems capable of meeting the needs of any restaurant operator. Property is over 2 acres, and has 149 parking stalls, allowing plenty of parking for multiple users or additional land for redevelopment.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,110 SF | Gross Leasable Area | 7,110 SF |
| Property Type | Retail | Year Built | 2012 |
| Property Subtype | Freestanding | Parking Ratio | 10/1,000 SF |
| Total Space Available | 7,110 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 7,110 SF |
| Year Built | 2012 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
The former Island Wing is located in Harrisonburg, Virginia less than one mile from Interstate 81 on one of the area’s primary commercial corridors, University Blvd (20,000+ADT). Excellent feeder roads and just off the campus of James Madison University (22,000 students) place it among the most desirable locations in the market. Totally overhauled in 2021, the 7,110sf structure features a high capacity kitchen/bar; a dining area that seats approximately 304; and building systems capable of meeting the needs of any restaurant operator. Property is over 2 acres, and has 149 parking stalls, allowing plenty of parking for multiple users or additional land for redevelopment. AVAILABLE FOR SALE: $3,750,000 OR LEASE: $19,000 PER MONTH TRIPLE NET.
- Air Conditioning
NEARBY MAJOR RETAILERS
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FORMER ISLAND WING RESTAURANT | CLOSE TO JMU | 350 University Blvd
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