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Red Lobster

821 Lynnhaven Parkway, Virginia Beach, VA 23452

  • For Sale $6,120,000
  • Property Type Retail - Freestanding
  • Property Size 7,730 SF
  • Property Tenancy Single Tenant
  • Date Updated Apr 14, 2022
The store has been in this same location since the 1980’s and remains a staple of the restaurant fare offered in the Lynnhaven Mall corridor of Virginia Beach. The trade area is immediately surrounded by some of the area’s strongest retail along with a heavy concentration of residential, office and industrial buildings. Naval Air Station Oceana, with 15,000 military and civilian employees, is only 15 minutes from the site.
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Location

  • City Virginia Beach, VA
  • Neighborhood Princess Anne Plaza
  • Zip Code 23452
  • Market Richmond Tidewater

Contacts

Doug Aronson

S.L. Nusbaum Realty Co.

(757) 282-6510

Highlights

  • Long term NNN lease (17+ years remaining)
  • 30 year history at this location
  • Attractive 2% annual rent increases
  • Prime visibility at signalized intersection (33,848 VPD)
  • Corporate guaranty
  • Located in large resort city (pop. 450,138)
  • Outparcel to major mall
  • Surrounded by residential, offices and industrial parks
  • 15 minutes from Naval Station Oceana (10,500 military and 4,500 civilian employees)

Frequently Asked Questions

What is the total square footage of Red Lobster?

Red Lobster totals 7,730 square feet.

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Attachments

Contact Listing Broker

Doug Aronson

S.L. Nusbaum Realty Co.

(757) 282-6510

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