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1880 Port Republic Rd

HARRISONBURG, VA 22801
  • $2,429,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 634443
Price Reduced
UPDATED: 75 min ago
$2,429,000
  • 0
    BEDS
  • 1.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,848
    SQFT
  • $631
    $/SQFT
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Well located Bojangles restaurant with no Landlord responsibilities, solid sales and a strong operator in one of the fastest growing metro areas in Virginia. 5.75% CAP. Located in the Stone Port development, Bojangles occupies a signalized corner location in the fastest growing development in the market area. Excellent growth in the form of retail, single family, and high-density residential surround the site and development. Surrounded by several student housing complexes for JMU. The Tenant is fully responsible for all expenses associated with tax, insurance, common area maintenance, and interior/exterior repairs. Landlord has no obligations to make payment or collect reimbursement for any expenses associated with operation of the property. A strong franchisee, popular location and consistently increasing year-over-year sales bolster the remaining twelve-year term supplemented by four - 5 year renewals and 10% increases every five years.

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Listing information © 2022 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2022-09-30T21:13:07.927.
www.klineandcorealestate.com/homes/132823407
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1880 Port Republic Rd HARRISONBURG, VA 22801

  • Price: $2,429,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 75 min ago
  • MLS #: 634443
0
Beds
0
Baths
0
½ Baths
1.4
Acres
3,848
SQFT
$631
$/SQFT
Neighborhood:
Rockingham
Area:
Rockingham
Property Description
Well located Bojangles restaurant with no Landlord responsibilities, solid sales and a strong operator in one of the fastest growing metro areas in Virginia. 5.75% CAP. Located in the Stone Port development, Bojangles occupies a signalized corner location in the fastest growing development in the market area. Excellent growth in the form of retail, single family, and high-density residential surround the site and development. Surrounded by several student housing complexes for JMU. The Tenant is fully responsible for all expenses associated with tax, insurance, common area maintenance, and interior/exterior repairs. Landlord has no obligations to make payment or collect reimbursement for any expenses associated with operation of the property. A strong franchisee, popular location and consistently increasing year-over-year sales bolster the remaining twelve-year term supplemented by four - 5 year renewals and 10% increases every five years.
Property Features

Property Type Building Tax Year 2022 Use Options Retail Zoning B-1 Business General

Listing provided courtesy of Cottonwood Commercial Llc: 540-434-9922.


Listing information © 2022 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2022-09-30T21:13:07.927.
 
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Kline & Co Real Estate
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