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: Sep 30 Last Checked: Oct 6 at 8:06AM

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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 drive-through restaurant property includes two drive-through lanes and a freestanding building originally constructed in 1992. Furniture, furnishings, and most equipment are included with the lease. The property is zoned B-1 Local Business and has public water service, central air, heat pump heating, and natural gas. Its configuration also supports consideration for other retail or commercial uses stated in the property information.

The 1.1-acre site is immediately off Interstate 81 at Exit 264 in New Market, Virginia. A large high-rise sign measuring approximately 90 feet is visible from I-81, which carries an AADT of 46,000. The property is offered for rent with a percentage-of-gross-sales lease structure.

Key Highlights

• 1.1‑acre site immediately off Interstate 81 Exit 264
• Two drive‑through lanes serving a former quick‑service restaurant
• Approximately 90‑foot high‑rise sign visible from I‑81

Property Analytics

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Current Use

Drive through restaurants

Suggested Use

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

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

46,000 VPD

Traffic count

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

Questions? Ask Rey

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What type of property is this? Where is this drive through restaurants located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Drive through restaurant - Former quick-service restaurant with dual drive-through lanes, freestanding signage, and commercial zoning.

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: 1.1‑acre site immediately off Interstate 81 Exit 264; Two drive‑through lanes serving a former quick‑service restaurant; Approximately 90‑foot high‑rise sign visible from I‑81