Freestanding Retail Restaurant
For Lease
Contact for pricing
709 Independence Blvd, Virginia Beach, VA 23455
Freestanding building on 1.89 acres with ample parking at a signalized intersection on Independence Boulevard.
Space Size7,881 SF
Lot Size1.89 Acres
Days on Market120
Property Features for 709 Independence Blvd
General Information
Standard status
Active
Size
7,881 SF
Lot size
1.89 Acres
Property subtype
Retail - Restaurant
Additional Details
Traffic Count
14,000 vehicles/day
Building Details
Building Size
7,881 SF
Year Built
1975
Spaces For Lease
at 709 Independence Blvd Contact us- Size
- 7,881 SF
- Type
- Restaurant
- Rate
- Contact for pricing
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Full Building
Listing Agency:
Parker Burnell Real Estate Group
Listed By:
Troy Parker · License #0225036218
(757) 407-9499
Source:
Commercialcafe
Added: May 14
Changed: Sep 7
Last Checked: Sep 10 at 5:50AM
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 Parker Burnell Real Estate Group
Investment Insights
Based on property information with market context.
±7,881 SF freestanding building available on 1.89 acres of land in a very dense residential area between Virginia Beach Town Center and Haygood. The site is positioned at a signalized intersection near Pembroke Blvd, providing convenient access and strong street presence.
Independence Boulevard offers over 14,000 VPD, and the property includes ample parking with a stated ratio of 17.5 spaces per 1,000 SF. The surrounding area is described as extremely high-density, supporting frequent local traffic and walk-in/drive-by visibility.
This is a straightforward opportunity for retailers or restaurant operators seeking a standalone location with direct frontage and on-site parking configured for customer access.
Independence Boulevard offers over 14,000 VPD, and the property includes ample parking with a stated ratio of 17.5 spaces per 1,000 SF. The surrounding area is described as extremely high-density, supporting frequent local traffic and walk-in/drive-by visibility.
This is a straightforward opportunity for retailers or restaurant operators seeking a standalone location with direct frontage and on-site parking configured for customer access.
Key Highlights
- ±7,881 SF freestanding building
- On 1.89 acres of land with ample parking
- Located at a signalized intersection near Pembroke Blvd
Property Analytics
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Current Use
Lease Details
14,000 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
67k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 34%
Dining 25%
Apparel 6%
Food Lion Grocery Store
Groceries
23,657 visits/mo
0.2 miles
7-Eleven
Shops & Services
15,716 visits/mo
0.2 miles
Hardee's
Dining
9,747 visits/mo
0.1 miles
Five Guys
Dining
7,071 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,634 visits/mo
0.1 miles
Demographics for 23455, VA
50,599
Population
22,286
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
3,329
Density / Sq Mi
$88,223
Median Household Income
$49,119
Median Earnings
$1,610
Median Rent
$397,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Virginia Beach, VA
$19 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
4,540 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building on 1.89 acres with ample parking at a signalized intersection on Independence Boulevard.
Where is this retail space located?
The property is located at 709 Independence Blvd Virginia Beach, VA.
What are key features of this property?
This property features: ±7,881 SF freestanding building; On 1.89 acres of land with ample parking; Located at a signalized intersection near Pembroke Blvd
