Former Red Lobster
For Sale
Contact for pricing
709 Independence Blvd, Virginia Beach, VA 23455
Restaurant property at a signalized intersection with established retail and dining activity nearby.
Property SizeContact for details
Days on Market141
Property Features for 709 Independence Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Colliers - Norfolk, Virginia
(757) 450-5198
Listed By:
Chris Read · License #VA
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 4:31AM
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 Colliers - Norfolk, Virginia
Investment Insights
Based on property information with market context.
Former Red Lobster restaurant property positioned at the signalized intersection of Independence Boulevard and Pembroke Boulevard. The site offers visibility along Independence Boulevard, where traffic volume exceeds 42,000 vehicles per day.
The property is associated with both the Town Center and Haygood retail submarkets. Nearby retailers and restaurants include Wegmans, REI, DSW, Nordstrom Rack, Harris Teeter, Chick-fil-A, Starbucks, and additional national and local full-service and fast-casual operators.
The property is associated with both the Town Center and Haygood retail submarkets. Nearby retailers and restaurants include Wegmans, REI, DSW, Nordstrom Rack, Harris Teeter, Chick-fil-A, Starbucks, and additional national and local full-service and fast-casual operators.
Key Highlights
- Former Red Lobster restaurant property
- Signalized intersection of Independence Blvd and Pembroke Blvd
- Over 42,000 VPD on Independence Blvd
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property at a signalized intersection with established retail and dining activity nearby.
Where is this conventional restaurant located?
The property is located at 709 Independence Blvd Virginia Beach, VA.
What are key features of this property?
This property features: Former Red Lobster restaurant property; Signalized intersection of Independence Blvd and Pembroke Blvd; Over 42,000 VPD on Independence Blvd
