Building Details

Year built 1992

Listing Agency: Cottonwood Commercial LLC Show Phone

Listed By: Chad Dunham · License #0225266331 Show Phone

Added: Jan 30, 2024 Changed: Aug 14 Last Checked: Aug 22 at 1:06AM

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MLS# 649081

Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property is a drive-through QSR-style restaurant site with two drive-thru lanes. It was formerly a Burger King, and the offering includes the use of furniture, furnishings, and most equipment with the lease, supporting a smoother operational start. A large high-rise sign, approximately 90 feet tall, is part of the site’s identity.

The property is located in New Market, Virginia on over one acre, positioned immediately off Interstate 81 exit 264. The sign is described as visible from I-81, with AADT noted at 46,000.

The B-1 Local Business zoning supports a range of retail or commercial uses, with the drive-through configuration especially relevant for quick-service restaurant concepts and other service-oriented businesses that benefit from controlled off-street ordering and pickup. Lease terms are structured as a percentage of gross sales per month, with 7.5% in the first year and 8% for years two and beyond, paid monthly. For operators looking for an interstate-adjacent, drive-through-ready location with meaningful signage visibility, this site is a practical option to evaluate.

Key Highlights

• Former Burger King QSR with two drive‑thru lanes
• On over 1 acre, conveniently located immediately off Interstate 81 exit 264
• Large high‑rise sign approx. 90' tall visible from I‑81 (AADT 46,000)

Property Analytics

Property Profile

Current Use

Drive through restaurants

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

273

Businesses Nearby

92k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 47% Hotels & Casinos 2%

McDonald's Dining

30,197 visits/mo 0.1 miles

Shell Shops & Services

18,321 visits/mo 0.1 miles

Dunkin' Donuts Dining

12,347 visits/mo 0.1 miles

7-Eleven Shops & Services

12,083 visits/mo 0.3 miles

Dollar General Shops & Services

6,002 visits/mo 0.4 miles

Demographics for 22844, VA

4,599

Population

2,257

Households

2

Avg Household Size

48

Median Age

19%

College-Educated

91%

High-School Grad

49.6 sq mi

ZIP Area

93

Density / Sq Mi

$63,061

Median Household Income

$36,214

Median Earnings

$877

Median Rent

$263,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - B-1 zoned restaurant site with two drive-thru lanes and a tall interstate-visible sign.

Where is this drive through restaurant located?

The property is located at 172 W OLD CROSS RD New Market, VA.

What are key features of this property?

This property features: Former Burger King QSR with two drive‑thru lanes; On over 1 acre, conveniently located immediately off Interstate 81 exit 264; Large high‑rise sign approx. 90' tall visible from I‑81 (AADT 46,000)