Property Description

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.

Property Features