for sale or lease - loopnet...lease rate/ taxes: $10/sf absolute net lease | $18,156 per year sales...

Former Ryan’s Steak House | 103 Community Way | S taunton | VA 11,030SF | 154 P ark ing Sta l ls | 30,000+ AADT | Sig nal ized Corner

Cottonwood Commercial | 1958 Evelyn Byrd Avenue | Harrisonburg | VA | www.cottonwood.com | 540.437.3680 | 540.271.7525 | [email protected]

Quick Glance

Gross Leasable Area 11,030SF Acreage 2.25 Acres Parking Stalls 154 Year of Construction 2003 Traffic Counts 22,000-34,000AADT Frontage 259’ Visibility East Bound –1000’ West Bound—950’ Population 1 | 3 | 5 Miles 1,668 | 22,705 | 38,130 5 | 10 | 15 Minutes 4,741 | 31,978 | 69,274 Population Growth % 7.4% (2000-2010) Median Age 41.6 !

Posit ion ed at t he Best In tersec tion on t he Best Road in Stau nton With traffic counts exceeding 30,000AADT, the signalized corner site provides easy access from a dedicated turn lane; a connector road to Wal-Mart & Lowes; and an in place crossover.

Sur roun ded by Traf fic Gen erators L ike Wal -Mart, Lowes, Mart in s The property is at the heart of the highest concentration of national retailers in the area attracting a healthy inflow from neighboring communities for shopping, employment, and entertainment.

One of t he Top Mark et Ar eas in the She nandoah Val ley A population exceeding 119,000 in the micropolitan statistical area is supplemented by heavy employee inflow and tourism traffic estimated to exceed 800,000 annually.

The Fin est Restau rant Locat ion in the St au nton Market Area. With a state-of-the-art high capacity kitchen (FF&E included) and large dining area seating 396.

$1,575,000 AVAILABLE AT:

OR $10/SF NNN

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.

FOR SALE OR LEASE

Executive Summary


PROPERTY DESCRIPTION: The former Ryan’s Steak House is located in Staunton, Virginia (micro area population of 119,000) and is situated less than one mile from Interstate 81 on the area’s primary commercial corridor, Richmond Avenue (30,000+AADT). Easy access is provided with a dedicated turn lane, a signalized intersection, and well-used secondary entrances from neighboring retailers Wal-Mart and Lowes. The 11,030sf structure features a high capacity kitchen; a dining area that seats approximately 396; and building systems capable of meeting the needs of any restaurant operator.

ADDRESS: 103 Community Way, Staunton, Virginia 24401

PROPERTY SIZE: 11,030sf building on a 2.25 acre site containing 154 parking stalls

BUILDING SYSTEMS HVAC | 60.5 Tons (1 Ton Per 182sf); 4000 Gallon Grease Interceptor; Natural Gas; 3 Phase

EQUIPMENT: Delivered in “as is” condition.

LEASE RATE/ TAXES: $10/sf absolute net lease | $18,156 per year SALES PRICE: $1,575,000

AREA RETAILERS & ATTRACTIONS: Wal-Mart, Lowes, Martins, Sheetz, Frontier Culture Museum, American Shakespeare Center

TRAFFIC COUNTS: Richmond Avenue: 32,000 AADT Interstate 81 Exit 222: 62,000 AADT

DEMOGRAPHICS:! 1 M ile 3 M ile 5 M ile Population 1,668 22,705 38,130 Households 858 11,492 18,116 Median Income $43,755 $42,630 $45,759 5 M inu te s 1 0 M in u te s 1 5 M in u te s Population 4,741 31,978 69,274 Households 2,005 13,391 29,129

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.

Site Overview


Richmond Ave provides one of the highest counts in the Shenandoah Valley at 22,000-34,000AADT.

The property offers visibility from 1000 ‘ for eastbound traffic, 950’ for westbound traffic and qualifies for signage on Interstate 81.

A signalized corner, dedicated turn lane, and entry points from major traffic generators such as Wal-Mart and Lowes make ingress/egress easy.

! Highly visible wall signage and freestanding road signage enhance visibility for interstate travelers and stacked traffic.

!With a total of 154 available stalls, parking availability yields a ratio suitable to even the most demanding standards.

!The concentration of major national restaurants and retailers make activity levels in the area are as high as any in Augusta County.

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Connected parking areas permit easy access to the site from Wal-Mart, Lowes and Richmond Ave strip centers.

Easy crossover from Martin’s Grocery Shopping Center.

Dedicated right turn lane for westbound traffic

Visibility will not be impeded. This parcel cannot be developed.

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Market Overview

! Key Points

With 34,000AADT, Richmond Avenue is one of the most sought after locations in the Shenandoah Valley. Interstate traffic (less than 1 mile) at Exit 222 exceeds 60,000AADT. Nearly 70,000 consumers live within 15 minutes of the site and an additional 9,000 commute in daily. Traffic generators surround the site and provide easy connectivity. The City of Staunton attracts an estimated 800,000 visitors annually.

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Freesta nd ing S i gna g e at the Corner of Richmond Avenue & Community Way is strategically positioned to capture the attention of drivers at traffic signals.!

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The site is within 15 minutes of nearly 70,000 consumers. An additional 9,000 commute to work in Staunton daily, and an estimated 800,000+ vacation in the City annually.

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3 4 ,0 0 0 V eh ic les travel on Richmond Avenue daily making it one of the most popular roads in the Shenandoah Valley. !


22,000--34,000AADT

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Staunton, VA

Less than 1 mile (.80) to Interstate 81, Exit 222.

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Floor Plan


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Site Plan


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Ph otographs


Stacked Stone Entrance Freestanding Signage at the Corner of Richmond Avenue

154 Parking Stalls with Easy Access from Neighboring Retailers View of Wall Signage from Richmond Avenue

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Ph otographs


Display Cooking Area 1 of 2 Private Dining or Banquet Rooms

Ample Food Bar or Additional Seating Seating For Nearly 400

for sale or lease - loopnet...lease rate/ taxes: $10/sf absolute net lease | $18,156 per year sales...

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