Technical
Financial
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Property profile

2029 Lynnhaven Pkwy Virginia Beach, VA 23456

OFF-MARKET
Lifestyle centers
92,407 SF
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Property summary

AI-generated overview

Salem Crossing Shopping Center in Virginia Beach County offers a unique 3,900 square foot executive office suite for lease within a thriving retail environment. Located at the high-traffic intersection of Lynnhaven and Princess Anne Roads, this property boasts exceptional visibility and accessibility, with a remarkable 67,000 vehicles passing daily. The suite, designated G1, is ideally situated in a building totaling 92,407 square feet and benefits from strong co-tenancy. Major anchors include Walmart and the Kroger Training Center, while popular outparcels feature McDonald's, Chick-fil-A, Taco Bell, and Starbucks. The center's diverse tenant mix includes SkyZone, Cato, Sally's Beauty, and Bangkok Garden, ensuring a steady flow of foot traffic. The available space is meticulously built out as a former eye care center, featuring seven private offices, a welcoming reception area, a convenient break room, two bathrooms, and a fully equipped kitchenette. This turnkey solution is perfect for a business seeking a move-in ready, high-profile location in a bustling shopping center. The property is a multi-tenant building with one suite currently available. This presents a rare opportunity to establish a presence in a highly desirable and well-established commercial center.

Property profile

Verified
Property type Lifestyle centers
Total area 92,407 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Insurance Agency
  • Take-out & Catering
  • Hair Salon
  • Restaurant

Location

2029 Lynnhaven Pkwy Virginia Beach, VA 23456
Virginia Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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