611 Mt Clinton Pike Harrisonburg, VA 22802-2549

This exceptional investment opportunity presents a fee-simple ownership of a 2,275 sq ft storefront in Harrisonburg, VA, currently leased to Faded Tobacco & Vape under an absolute NNN lease with 2.7 years remaining. The property boasts a strong 6.00% cap rate and a substantial NOI of $84,048, with built-in annual rent increases of 3%. Situated on a 0.76-acre lot with 16 parking spaces, the single-story building, constructed in 1995 and renovated in 2022, benefits from excellent visibility at a signalized, hard corner intersection with multiple access points and drive-thru capabilities. The tenant, operating since July 2022, enjoys a prime location just 1.5 miles from downtown Harrisonburg, across from East Mennonite University (958 students), and 1.9 miles from James Madison University (21,000 students). This location serves a robust trade area encompassing over 66,000 residents and 46,000 employees, boasting an average household income of $79,179. The below-market rent and long-term lease provide a secure and appreciating investment, offering a hedge against inflation. The property features a single tenant occupancy at 100% and is offered at an asking price of $1,400,000.