8.5% CAP RATE INVESTMENT | NN LEASED COMMERCIAL PROPERTY
15 Southgate Ct, Harrisonburg, VA 22801
Asset Snapshot
Garden
Retail Subtype
1
Floor Count
2
Building Count
0.34 Acres
Land Area
Offering Summary
Investment Overview
Offered now with attractive 3-year lease securing 8.5% CAP rate on a NN lease with local childcare tenant. LL responsibilities are limited to major capital replacement/repair and structural/roof responsibilities. 2500SF+/- fully updated brick commercial property at 15 Southgate Court. Situated conveniently right off S. Main Street, in middle of Motor Mile, offering seamless access, and steady daily traffic. The interior has been well updated and boasts multiple restrooms configured for high-capacity daily needs, versatile instructional and wide open areas, and durable construction throughout. Large privacy fenced area allows for continued indoor and outdoor flow. There is an additional 1,200 SF +/- of storage in the basement. The solid brick exterior offers classic curb appeal, minimal maintenance, and long-lasting quality.