BOULEVARD QUICK GLANCE 350 UNIVERSITY BLVD. HARRISONBURG, VA. TIM REAMER

Size: px

Start display at page:

Download "BOULEVARD QUICK GLANCE 350 UNIVERSITY BLVD. HARRISONBURG, VA. TIM REAMER"

Adrian Randall
6 years ago
Views:

1 76,000 NIGHT 56,000 DAY WITHIN 5 MILES A superior seven-day per week location surrounded by employment centers, high density residential, and university traffic (JMU 20,000 students) in the second fastest growing city in Virginia. SURROUNDED BY TRAFFIC GENERATORS Highly desirable location directly across from Regal Cinemas within a primary retail corridor in Harrisonburg. The center is in the heart of shopping and entertainment destinations. LOCATED IN THE HEART OF THE FASTEST GROWING CITY IN VIRGINIA With 21% growth over the last ten years, the metro area population exceeds 130,000 and the actual trade area is expanded with Harrisonburg' s status as a regional destination for consumers well outside the traditional drive-time radius. The metro attracts shoppers from 20+ miles away with an estimated market served population of 222,000. THE FINEST RESTAURANT LOCATION IN THE HARRISONBURG METRO With a state-of-the-art high capacity kitchen (FF&E included) and large dining area seating 304. QUICK GLANCE Gross Leasable Area 7,110SF Acreage 2.09 Acres Parking Stalls 149 Total Seating 304 Year of Construction 2011 Traffic Counts Access 10 Year Growth Rate 21% Metro Area Population 131, Pop Projection 163,827 Trade Area Population 222,000 Median Age 22.7 Annual Retail Sales $2B 22,000 ADT University Blvd Medical Ave

PROPERTY OVERVIEW PROPERTY DESCRIPTION: The former Quaker Steak and Lube is located in Harrisonburg, Virginia with 76,000 night and 56,000 day consumers within five miles.

Excellent feeder roads and just off the campus of James Madison University (22,000 students) place it among the most desirable locations in the market.

2 PROPERTY OVERVIEW PROPERTY DESCRIPTION: The former Quaker Steak and Lube is located in Harrisonburg, Virginia with 76,000 night and 56,000 day consumers within five miles. Less than one mile from Interstate 81 on one of the area s primary commercial corridors, University Blvd (20,000+ADT). Excellent feeder roads and just off the campus of James Madison University (22,000 students) place it among the most desirable locations in the market. The 7,110sf structure features a high capacity kitchen/bar; a dining area that seats approximately 304; and building systems capable of meeting the needs of any restaurant operator. 350 UNIVERSITY ADDRESS: 350 University Blvd, Harrisonburg, Virginia PROPERTY SIZE: 7110sf +/- building on a 2.09 acre site containing 149 parking stalls BUILDING SYSTEMS: HVAC 52 Tons (1 Ton Per 137sf); 2000 Gallon Grease Interceptor; Natural Gas; 3 Phase EQUIPMENT: Delivered in as is condition. ACCESS/TRAFFIC COUNTS: Excellent visibility from University Avenue (20,000) with traffic flow from adjoining Reservoir Street (20,000) and E. Market Street (31,000ADT). Less than 1 mile to I-81. Broker and Ownership make no representations or warranties as to the accuracy or validity of the information provided. All prospects must conduct their own due diligence to ensure the property is suitable for their use.

3 350 UNIVERSITY SITE PLAN a 0 0 A DT ) d ET (20,0 U 0,00 BLVD. (2 Y T I S R E NIV RESERV OIR STR E a c b 350 UNIVERSIT Y BLVD. HARRISONBUR G, VA University Blvd. is one of the most active corridors in the Shenandoah Valley with 20,000 ADT. b 76,000 evening and 56,000 day consumers within five miles of the site and a trade radius population that exceeds 222,000 consumers c With a total of 149 available stalls, parking availability yields a ratio suitable to even the most demanding standards 0 ADT) d The concentration of major national restaurants and retailers make activity levels in the area the area are as high as any in the Harrisonburg Metro.

4 SITE PLAN

5 FLOOR PLAN

HARRISONBURG MARKET AREA WATERMAN SQUARE CLOVERLEAF SHOPPING

MARKET STREET ±26,000 VPD MARKET SQUARE EAST ROCKINGHAM SQUARE

HIGH STREET ±21,000 VPD 22,000 Students E.

SHENANDOAH PLAZA JAMES MADISON SQUARE S.

±31,100 VPD EST PORT REPUBLIC ROAD ±18,000 VPD PRIMARY OFFICE

6 HARRISONBURG MARKET AREA WATERMAN SQUARE CLOVERLEAF SHOPPING CENTER HARRISONBURG CROSSING BURGESS CENTER FORBES CROSSING E. MARKET STREET ±26,000 VPD MARKET SQUARE EAST ROCKINGHAM SQUARE SITE SPOTSWOOD VALLEY SQUARE GARBER S CROSSING S. HIGH STREET ±21,000 VPD 22,000 Students E. MARKET STR E ET ±31,000 VPD MARKET PLAZA SHOPPES DUKE S PLAZA SHENANDOAH PLAZA JAMES MADISON SQUARE S. MAIN STREET ±19,000 VPD I-81 ±51,000 VPD SOUTHEAST CONNECTOR ±31,100 VPD EST PORT REPUBLIC ROAD ±18,000 VPD PRIMARY OFFICE DISTRICT SKYLINE VILLAGE PLAZA VALLEY MALL PORT CROSSING FUTURE RESIDENTIAL DEVELOPMENT STONE PORT THE SHOPS AT UNIVERSITY UNIVERSITY CENTER

MARKET OVERVIEW Harrisonburg is the fastest growing City in Virginia, recently surpassing Charlottesville, and the Harrisonburg metro is the second fasting growing in the state.

as job gains, wages, real retail sales growth, and building permits continue to outpace most of the Commonwealth of Virginia on a percentage basis.

drivers this trend is expected to continue.

The metro attracts shoppers from 20+ miles away with an estimated market served population of 222,000.

9 MARKET OVERVIEW Harrisonburg is the fastest growing City in Virginia, recently surpassing Charlottesville, and the Harrisonburg metro is the second fasting growing in the state. The market was recognized as one of the top twenty emerging metros in the U.S. as job gains, wages, real retail sales growth, and building permits continue to outpace most of the Commonwealth of Virginia on a percentage basis. HARRISONBURG IS THE FASTEST GROWING CITY and second fastest growing metro in Virginia With 21% growth over the last ten years, new employment opportunities, and the continued expansion economic drivers this trend is expected to continue. The metro area population exceeds 130,000 and the actual trade area is expanded with Harrisonburg' s status as a regional destination for consumers well outside the traditional drive-time radius. The metro attracts shoppers from 20+ miles away with an estimated market served population of 222,000. In addition to James Madison University (22,000 students), the Harrisonburg metro is home to three other colleges and universities. Eastern Mennonite University, with an enrollment of 1,870; Bridgewater College has 1,800 students; and Blue Ridge Community College adds 7,315 students to the area. Population Trends Harrisonburg Metro at a Glance 10 Year Growth Rate Metro Area Population Trade Area Population Median Age Unemployment Rate Annual Retail Sales 21% 131, , % $2B Harrisonburg, VA Charlottesville, VA Winchester, VA Staunton, VA NAMED A TOP TWENTY EMERGING METRO in the US. POPULATION, REAL RETAIL SALES, & WAGES percentage growth outpace most of the State. REGIONAL HUB OF THE SHENANDOAH VALLEY with a metro population exceeding 130,000 and a trade area expanding well beyond municipal boundaries

10 FOR MORE INFORMATION TIM REAMER

Alfredo Barrenechea Retail or Shop Space on Rare Hard Corner, Lit Intersection

Alfredo Barrenechea Retail or Shop Space on Rare Hard Corner, Lit Intersection Alfredo Barrenechea alfredo@go-absolute.net 505-401-0135 Retail or Shop Space on Rare Hard Corner, Lit Intersection Lease Rate: $5,500 / month - NNN Building Size: +/- 2,105 SF Acres: +/- 0.3587 Acres