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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2720 Mall Dr Virginia Beach, VA 23452

Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located within the 173,191 square foot Lynnhaven North Shopping Center in Virginia Beach, VA. Two spaces are available, ranging from 1,250 to 1,750 square feet. The center is situated on approximately 16.76 acres and enjoys a prime location adjacent to the highly successful Lynnhaven Mall, benefiting from shared access and visibility with major retailers. The center boasts a diverse tenant mix, including national brands like The Tile Shop and Dollar Tree, and is currently 98% leased. This infill location serves a densely populated trade area with over 243,000 residents within a five-mile radius, exhibiting an average household income exceeding $84,000. The property benefits from excellent accessibility, bordered by Lynnhaven Mall, Naval Base Oceana, Lynnhaven Parkway (47,000 vehicles per day), and I-264. Significant capital improvements have been made to the property, enhancing its appeal and functionality. This presents a rare opportunity to establish a presence in a thriving retail hub with high barriers to entry. The property's address is 2720 N Mall Dr, Virginia Beach, VA 23452.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Plato's Closet Discount Store
  • Legacy Sports Barbershop Barber Shop
  • Jazzercise Lynnhaven Fitness Center Gym & Fitness Center
  • Music Go Round Virginia Beach Discount Store (Bike/Boat/Book/etc) Store
  • Book Exchange - Lynnhaven (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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