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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

  • Walk Score ® Car-Dependent (49)
  • Transit Score ® Some Transit (35)
  • Bike Score ® Somewhat Bikeable (43)
Powered by Walk Score ®
  • City Virginia Beach, VA
  • Neighborhood Princess Anne Plaza
  • Zip Code 23452
  • Market Richmond Tidewater

Points of Interest

Newtown Road

6.95 miles

Military Highway

8.18 miles

Ingleside Road

9.38 miles

7-Eleven

0.08 miles

BP

0.22 miles

Valero

0.24 miles

Citgo

1.53 miles

BP

2.00 miles

BP

2.02 miles

Wawa

2.02 miles

Mobil

2.06 miles

Wawa

2.07 miles

Wawa

2.16 miles

Lynnhaven Mall BMP

0.18 miles

Staff Parking

3.05 miles

Staff Parking

3.12 miles

Lot

4.59 miles

Little Neck Park - Parking Lot

4.64 miles

North Lot 2

4.95 miles

North Lot 3

4.97 miles

South Lot 2

5.00 miles

North Lot 1

5.02 miles

South Lot 1

5.07 miles

Wendy's

0.05 miles

TGI Friday's

0.12 miles

Chick-fil-A

0.13 miles

McDonald's

0.21 miles

Mandarin Express

0.24 miles

Charleys Philly Steaks

0.24 miles

BurgersIM

0.24 miles

Cracker Barrel

0.25 miles

Chick-fil-A

0.26 miles

Cooper's Hawk

0.27 miles

JCPenney

0.11 miles

Dillard's

0.16 miles

Lynnhaven Mall

0.24 miles

Macy's

0.37 miles

Walmart Supercenter

0.73 miles

Lidl

1.27 miles

Aldi

1.35 miles

Food Lion

1.46 miles

Walmart Neighborhood Market

1.59 miles

Bottom Dollar Food

1.98 miles

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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