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TAKE 5 OIL CHANGE GROUND LEASE HARRISONBURG 2075 E Market St 2,940 SF Retail Building Harrisonburg, VA 22801 $2,777,959 CAD ($944.88 CAD/SF)
Investment Highlights
- Absolute NNN Ground Lease with Zero Landlord Responsibility.
- One of Virginia’s Fastest-Growing Metros
- Price: $2,016,667 | Cap: 6.00%
- High-Visibility Location on East Market Street
- Proven Operator with National Franchise Backing
Executive Summary
The property sits on East Market Street (Route 33), the primary commercial corridor in the market area, with traffic counts of 29,000 vehicles per
day. As an outparcel to Skyline Village Shopping Center the subject property benefits from daily traffic generators in most of the most visited centers in Harrisonburg.
The tenant operates under an absolute triple-net ground lease, assuming full responsibility for real estate taxes, property insurance, utilities, maintenance, and all
common area obligations. The lease features 10% rent escalations every five years through the initial term and all four renewal options, delivering predictable income
growth over a potential 35-year total occupancy. The lease enters Year 5 in April 2026, with the first contractual rent increase taking effect on April 13, 2027 — lifting
the annual base rent from $110,000 to $121,000, a 10% increase.
day. As an outparcel to Skyline Village Shopping Center the subject property benefits from daily traffic generators in most of the most visited centers in Harrisonburg.
The tenant operates under an absolute triple-net ground lease, assuming full responsibility for real estate taxes, property insurance, utilities, maintenance, and all
common area obligations. The lease features 10% rent escalations every five years through the initial term and all four renewal options, delivering predictable income
growth over a potential 35-year total occupancy. The lease enters Year 5 in April 2026, with the first contractual rent increase taking effect on April 13, 2027 — lifting
the annual base rent from $110,000 to $121,000, a 10% increase.
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
$2,777,959 CAD
Price Per SF
$944.88 CAD
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
Property Taxes
| Parcel Number | 074-F-4-A | Improvements Assessment | $709,934 CAD |
| Land Assessment | $832,686 CAD | Total Assessment | $1,542,620 CAD |
Property Taxes
Parcel Number
074-F-4-A
Land Assessment
$832,686 CAD
Improvements Assessment
$709,934 CAD
Total Assessment
$1,542,620 CAD
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TAKE 5 OIL CHANGE GROUND LEASE HARRISONBURG | 2075 E Market St
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