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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1645 Reservoir St Harrisonburg, VA 22801

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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