675 Lynnhaven Pky - Fast Food FOR SALE
Virginia Beach, VA 23452 |
$4,827,600 USD
404-897-0452
675 Lynnhaven Pky
Virginia Beach, VA 23452
HIGHLIGHTS
- Brand new 2025 construction | Latest store prototype with double drive-thru
- Well-located on the hard corner of a signalized intersection
- Located within the extremely desirable submarket of Virginia Beach with a low vacancy of 1.7% that contains roughly 2.7 MM SF of inventory
- Avg. Household Incomes: $87.4k (1-Mi); $96.4k (3- Mi); $109.5k (5-Mi) | Population: 6.8k (1-Mi); 93.0k (3-Mi); 213.1k (5-Mi)
- Newly developed ground lease (significant tenant investment) | 15-year base term | Five (5), 5-year renewal options
- True NNN lease with no landlord responsibilities | 10% rent increases every 5 years | Corporately guaranteed
FOR SALE DETAILS
PRICE
$4,827,600 USD
PRICE/SF
$1,931 USD /SF
CAP RATE
4.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raising Cane's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,472 SF
ZONING
I1
APN/PARCEL ID
1496-48-8158
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404-897-0452
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404-897-0452
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