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Moes Southwest Grill 1604 Stone Port Blvd 3,053 SF Retail Building Harrisonburg, VA 22801 $1,809,628 CAD ($592.74 CAD/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
Silber Investment Properties is pleased to offer for sale a single-tenant NNN-leased Moe's Southwest Grill located at 1604 Stone Port Blvd in Harrisonburg, Virginia. Offered at $1,306,600 reflecting a 6.75% cap rate on $88,200 in annual rent.
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.
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
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,053 SF
Building Class
C
Year Built
2000
Price
$1,809,628 CAD
Price Per SF
$592.74 CAD
Cap Rate
6.75%
NOI
$122,156 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
B1
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2030
Dès que les gens entrent dans un Moe, ils remarqueront qu'il y a quelque chose de différent. En fait, ils se sentent bien accueillis. Depuis que leurs employés du premier établissement d'Atlanta, en Géorgie, en 2000, ont crié « Bienvenue chez Moe's ! — ce qui a probablement effrayé les bejesus de ces premiers invités — cette phrase incarne toute leur culture.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Dec 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 125-25-L11 | Improvements Assessment | $774,486 CAD |
| Land Assessment | $700,805 CAD | Total Assessment | $1,475,291 CAD |
Property Taxes
Parcel Number
125-25-L11
Land Assessment
$700,805 CAD
Improvements Assessment
$774,486 CAD
Total Assessment
$1,475,291 CAD
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Moes Southwest Grill | 1604 Stone Port Blvd
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