2080 S Independence Blvd Virginia Beach, VA 23453

Listing agency The Kase Group k***@thekasegroup.com Show Phone

Listed by Jacob Abusharkh · License #CA 01385529

Source Crexi

Added: Apr 11 Updated: Jul 21 at 5:07PM Checked: Jul 21 at 5:07PM

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Investment Insights

Based on property information with market context.

This is an opportunity to purchase a freestanding restaurant operated under an absolute NNN lease with The Dirty Buffalo. The lease includes two, five-year options to renew and provides for 10% increases in rent every five years.

The property is an outparcel to Target and neighbors a variety of retailers, including KFC, The Home Depot, Wendy’s, Wawa, Walgreens, Chick-fil-A, Taco Bell, and more.

The asset is offered for sale as a leased specialty restaurant property, with lease terms focused on renewal options and periodic rent escalation.

Key Highlights

• Freestanding restaurant leased to The Dirty Buffalo under an absolute NNN lease
• Lease includes two 5‑year renewal options
• Scheduled 10% rent increases every 5 years per lease terms

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FAQs

What type of property is this?

Conventional restaurant - Freestanding restaurant on an absolute NNN lease with renewal options and scheduled 10% rent increases.

Where is this conventional restaurant located?

The property is located at 2080 S Independence Blvd Virginia Beach, VA.

What are key features of this property?

This property features: Freestanding restaurant leased to The Dirty Buffalo under an absolute NNN lease; Lease includes two 5‑year renewal options; Scheduled 10% rent increases every 5 years per lease terms