1719 High St Harrisonburg, VA 22801
Rockingham Square, a thriving 55,848-square-foot shopping center in Harrisonburg, Virginia, presents a compelling investment opportunity. This established center, located at 1719-1755 South High St, 22801, boasts a strong anchor tenant: Food Lion, a fixture for over four decades with consistently growing sales. Built in 1984 and renovated in 2007, the property sits on a 5.919-acre lot and is currently 100% leased to six tenants, ensuring immediate cash flow. The ample parking provides 297 spaces, including 9 designated handicap spots. Utilities are serviced by public electric, natural gas, water, and sewer. The property offers a pro-forma cap rate of 7.00% and is listed at $6,500,000. This well-maintained center benefits from its established tenant base, prime location, and significant upside potential, making it an ideal addition to any commercial real estate portfolio. The property's strong performance history and attractive features make it a rare opportunity in the Harrisonburg market. This is a chance to acquire a stable, income-producing asset with a proven track record of success.
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OneMain Financial Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.