Listing Agency: Atlantic Retail | Charlotte Show Phone

Listed By: David Hoppe · License #NC 288268 Show Phone

Source: Moodyscre

Added: Feb 7, 2025 Changed: Aug 9 Last Checked: Sep 7 at 11:58AM

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Investment Insights

Based on property information with market context.

The property is a leased premises occupied by McDonald’s since 2001. McDonald’s recently exercised a 5-year renewal option, with three additional 5-year options remaining. The property is a 3397 square foot building. It is located directly off Providence Rd in a major retail hub in Virginia Beach, VA.

Key Highlights

• Leased to McDonald's since 2001, a well‑established tenant.
• Recently exercised a 5‑year renewal option, providing stable income.
• Three (3) remaining five (5) year options, offering long‑term potential.

Property Analytics

Property Profile

Current Use

Drive through restaurants

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Electrical Service Auto Parts Store Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

676

Businesses Nearby

121k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 39% Apparel 31% Dining 24% Shops & Services 6%

T.J. Maxx Apparel

37,711 visits/mo 0.5 miles

Food Lion Grocery Store Groceries

25,576 visits/mo 0.3 miles

Starbucks Dining

24,044 visits/mo 0.4 miles

Food Lion Grocery Store Groceries

21,328 visits/mo 0.5 miles

Dollar General Shops & Services

3,894 visits/mo 0.4 miles

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Leased to McDonald’s since 2001 with renewal options.

Where is this drive through restaurant located?

The property is located at 5236 Fairfield Blvd Virginia Beach, VA.

What are key features of this property?

This property features: Leased to McDonald's since 2001, a well‑established tenant.; Recently exercised a 5‑year renewal option, providing stable income.; Three (3) remaining five (5) year options, offering long‑term potential.