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821 Lynnhaven Pkwy Virginia Beach, VA

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For Sale
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NNN Red Lobster with 5.25% cap rate for sale.

Type:RETAIL
Property size:
7,370 SF
Lot size:
1.45 Acres
Added:
Aug 22, 2025
Days on Market:
226
Last Refresh:
Apr 1 at 11:41 pm

Property Features for 821 Lynnhaven Pkwy

General Information

Standard status
Active
Size
7,370 SF
Lot size
1.45 Acres
Property subtype
RETAIL

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Listing Contact
Lyle Alper
Lyle Alper

Listing agent Lyle Alper

Listing office Vanderbilt Realty

Listing date Aug 22, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Vanderbilt Realty


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%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Red Lobster Restaurant Neptune City Kitchen ... Hardware & Home Improvement General Mills Inc Distribution Center

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
-76.0697
Latitude
36.813

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 $6,240,000.
What are key features of this property?
This property features: NNN Red Lobster Guarantor; Annual Rent: $327,761; Cap Rate: 5.25%
(516) 507-7494 Call to check price and availability
More about this property
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