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Most Visible Intersection in the Harrisonburg 1550 E Market St 2,040 SF of Retail Space Available in Harrisonburg, VA 22801
HIGHLIGHTS
- Located at the signalized corner in Harrisonburg just off of I-81 on E. Market Street
- Surrounded by national retail including Walmart, Home Depot, and Lowes
- Convenient location for PM traffic prior to the north bound interstate entrance
- Traffic counts exceed 32,000ADT on E. Market and combined counts are approximately 43,000ADT
- Unparalleled visibility for incoming I-81 traffic with a dedicated turn lane
- 46,000 daytime employees and a trade area of 200,000+ consumers
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste A | 2,040 SF | Negotiable | $32.11 CAD/SF/YR $2.68 CAD/SF/MO $65,497 CAD/YR $5,458 CAD/MO | Triple Net (NNN) |
Ground, Ste A
2040sf available in the most visible strip center on E. Market Street Harrisonburg located immediately off Interstate 81 Exit 247 with traffic counts of 32,000. 1550 E. Market Street is positioned on a signalized corner on Harrisonburg' s busiest intersection and surrounded by daily traffic drivers including several schools, leading national retailers, restaurants, and lodging producing a constant stream of consumers. Lease Rate: $23.00 PSF/yr + $5.00 PSF NNN fee - TOBACCO, VAPE, SKILL SLOTS ARE RESTRICTED.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
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.
SELECT TENANTS AT MOST VISIBLE INTERSECTION IN THE HARRISONBURG
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Pizza Hut
- Accommodation and Food Services
- -
- -
- Tropical Smoothie
- Accommodation and Food Services
- -
- -
- Xfinity
- Services
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Pizza Hut | Accommodation and Food Services | - | - |
| Tropical Smoothie | Accommodation and Food Services | - | - |
| Xfinity | Services | - | - |
PROPERTY FACTS
| Total Space Available | 2,040 SF | Total Land Area | 1.06 AC |
| Property Type | Retail | Year Built/Renovated | 1979/2018 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 6.76/1,000 SF |
| Gross Leasable Area | 7,692 SF |
| Total Space Available | 2,040 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 7,692 SF |
| Total Land Area | 1.06 AC |
| Year Built/Renovated | 1979/2018 |
| Parking Ratio | 6.76/1,000 SF |
ABOUT THE PROPERTY
Harrisonburg is one of the fastest growing cities in Virginia 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. With 21% growth over the last ten years, new employment opportunities, and the continued expansion economic drivers this trend is expected to continue. 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.
NEARBY MAJOR RETAILERS
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Most Visible Intersection in the Harrisonburg | 1550 E Market St
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