Triple Net Leased Hook & Reel Cajun Seafood Restaurant in a major regional center in Norfolk, VA.

The original 10-year lease (9 years remaining) includes two 5-year options, with rental increases in 2024 and at the start of each option period. This single tenant asset has minimal landlord maintenance obligations. Hook & Reel, a national Cajun seafood restaurant, has very strong sales at this location and opened during the pandemic.

An outparcel to the Walmart Supercenter, the subject property is located on Tidewater Drive, just off interstate 64, the Hampton Roads Beltway. The property benefits from the 236k residents within a 5-mile radius, in addition to the nearby major employers: United States Federal Government, Sentara Healthcare, Norfolk Naval Shipyard and local Division 1 colleges Old Dominion University and Norfolk State University.