NNN-Leased Gas
798 LYNNHAVEN PKWY, Virginia Beach, VA 23452
For Sale
Contact for pricing
The property carries an absolute NNN lease with scheduled rent increases during the primary term and option periods.
Property SizeContact for details
Days on Market12
Property Features for 798 LYNNHAVEN PKWY
General Information
Standard status
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Tenancy & Operations
Tenant in Place
In-Place Lease Type
Current Tenants
Real Estate Included
Additional Details
Convenience Store
Listing Agency:
Secure Net Lease
Listed By:
Matthew Scow · License VA #655736
(214) 915-8888
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 2:37PM
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 Secure Net Lease
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Investment Insights
Based on property information with market context.
This gas station is leased on an absolute NNN basis. The lease provides for 10% rent increases every five years during both the primary term and option periods.
The property is on Lynnhaven Pkwy at a signalized intersection, with reported traffic exceeding 30,000 vehicles per day. Lynnhaven Pkwy connects to I-264, which carries more than 110,000 vehicles per day, approximately two miles north. The site is adjacent to Lynnhaven Mall, a 1.1-million-SF regional shopping center, and more than 235,000 people live within a five-mile radius.
The property is on Lynnhaven Pkwy at a signalized intersection, with reported traffic exceeding 30,000 vehicles per day. Lynnhaven Pkwy connects to I-264, which carries more than 110,000 vehicles per day, approximately two miles north. The site is adjacent to Lynnhaven Mall, a 1.1-million-SF regional shopping center, and more than 235,000 people live within a five-mile radius.
Key Highlights
- Absolute NNN lease with 10% rent increases every 5 years during the primary term and options
- Signalized Lynnhaven Pkwy location with 30,000+ VPD
- I‑264, carrying 110k+ VPD, is 2‑miles north via Lynnhaven Pkwy
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
494k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 31%
Leisure 15%
Shops & Services 9%
AMC Lynnhaven 18
Leisure
75,439 visits/mo
0.3 miles
Macy's
Apparel
69,264 visits/mo
0.4 miles
Dillard's
Apparel
41,618 visits/mo
0.2 miles
Chick-fil-A
Dining
40,828 visits/mo
0.1 miles
JCPenney
Apparel
40,472 visits/mo
0.1 miles
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - The property carries an absolute NNN lease with scheduled rent increases during the primary term and option periods.
Where is this gas station located?
The property is located at 798 LYNNHAVEN PKWY Virginia Beach, VA.
What is the asking price?
The asking price for this property is $5,738,000.
What are key features of this property?
This property features: Absolute NNN lease with 10% rent increases every 5 years during the primary term and options; Signalized Lynnhaven Pkwy location with 30,000+ VPD; I‑264, carrying 110k+ VPD, is 2‑miles north via Lynnhaven Pkwy
