An underutilized, vacant farm cooperative store in Staunton, Virginia sat dormant despite strong underlying real estate fundamentals. The structure was sound, but its former use limited demand and perceived value.
Simultaneously, our brokerage team identified a National Restaurant Franchise seeking expansion into the Western Virginia market.
Recognizing the site’s location strength, visibility, and traffic patterns, our team repositioned the property for adaptive reuse. We:
By creatively aligning construction scope with the tenant’s required rent metrics, we were able to deliver a cost basis that supported a sub-market leading valuation.
The repositioned asset stabilized at a ~5% capitalization rate, transforming a dormant agricultural property into a high-performing national franchise location.
The project created:
This was a strategic example of market awareness, brokerage alignment, and disciplined value engineering.