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821 Lynnhaven Pkwy Virginia Beach, VA 23452

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For Sale
$6,100,000

NNN Red Lobster with 5.25% cap rate for sale.

Property size:
7,370 SF
Lot size:
1.45 Acres

Property Features for 821 Lynnhaven Pkwy

General Information

Size
7,370 SF
Lot size
1.45 Acres

Source: Vanderbilt Realty Agent Lyle Alper

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Red Lobster For Sale

This property, currently operating as a Red Lobster restaurant, is available for purchase. The building has a size of 7,370 square feet and is situated on a 1.45-acre lot. The lease is guaranteed by Red Lobster under a NNN lease agreement. The property generates an annual rent of $327,761, with 2% annual increases, and has a cap rate of 5.25%.
Insight Report Location Intelligence

Current Use by Public Records

Red Lobster Seafood Restaurant Neptune City Kitchen ... Remodeler General Mills Inc Distribution Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Virginia Beach
County
Virginia Beach
State
Virginia
Longitude
-76.0697342
Latitude
36.8130215

FAQs

What type of property is this?
Conventional restaurant - NNN Red Lobster with 5.25% cap rate for sale.
Where is this conventional restaurant located?
The property is located at 821 Lynnhaven Pkwy Virginia Beach, VA.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: - NNN Red Lobster Guarantor; - Annual Rent: $327,761; - Cap Rate: 5.25%
More about this property
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