1645 Reservoir St Harrisonburg, VA 22801
Property profile & analytics
Location Intelligence
Current Use by Public Records
- US Marine Corps Recruiting / Military Recruiting Office
- Valley Waffle Nutrition / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
- mela beauty / Cosmetic Store
- Expedia Cruises in Harrisonburg / Travel Agency
- Timeless Kitchen and Bath / Hardware & Home Improvement / Furniture & Home Goods
Property Details for 1645 Reservoir St
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a thriving national bubble tea franchise in Harrisonburg, Virginia. Located at 1645 Reservoir St, 22801, this 1,200 square foot retail space boasts eight years of consistent operation and profitability, even under absentee ownership. The franchise enjoys a prime location with high foot traffic, particularly from nearby university students, and has cultivated a strong local following as the only national bubble tea brand in the area. Financial records reveal a gross revenue of $407,000 and a cash flow of $73,000. The asking price is $150,000, which includes $75,000 in furniture, fixtures, and equipment (FF&E) and $15,000 in inventory. Monthly rent is $2,500, making this a compelling net lease investment. The business has a proven track record of success and presents a rare opportunity to acquire a well-established, cash-flowing enterprise with significant growth potential. This turnkey operation is ideal for an investor seeking a low-management, high-return investment in a vibrant market. The property is offered as a net lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harrisonburg
- County
- Rockingham
- State
- Virginia
- Longitude
- -78.8545
- Latitude
- 38.431
