Retail Space / Virginia / Virginia Beach / 23452 / 821 Lynnhaven Parkway

821 Lynnhaven Parkway

Q: What is the asking price for 821 Lynnhaven Parkway in Virginia Beach?

The asking price for 821 Lynnhaven Parkway is $6,120,000

Q: What is the building size of this Retail property in Virginia Beach, VA?

The size of the building/unit at 821 Lynnhaven Parkway in Virginia Beach is 7,730 square feet.

Q: How much land does the Virginia Beach, VA property at 821 Lynnhaven Parkway include?

821 Lynnhaven Parkway in Virginia Beach includes 1.445 acres of land.

Q: What kind of Retail is the propery at 821 Lynnhaven Parkway?

The property at 821 Lynnhaven Parkway Virginia Beach, VA 23452 is listed as a Food Service Retail property.

Q: What is the population within 1 mile of 821 Lynnhaven Parkway?

The population within 1 mile of 821 Lynnhaven Parkway Virginia Beach, VA 23452 is 9,263 people.

Q: Who do I contact for questions about 821 Lynnhaven Parkway?

You should contact the listing agent, Doug Aronson, for any details regarding this commercial listing.

Virginia Beach, VA 23452

Red Lobster

Listing ID: 298861

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Building Size: 7,730 SF

Lot Size: 1.445 AC

Land Size: 62,944 SF

Building $/SF: $791.72

Land $/SF: $97.23

Price

$6,120,000

Property Highlights

Long term NNN lease (17+ years remaining)

30 year history at this location

Corporate guaranty

Description

This Red Lobster is located on an outparcel of the Lynnhaven Crossing Shopping Center at a highly visible signalized intersection, adjacent to Lynnhaven Mall with easy access to Interstate 264. Tenant has more than 17+ years left on its initial lease term with very attractive 2% annual rent increases throughout the term including option periods. The lease is absolute NNN with no landlord responsibilities. Located 15 minutes to the resort Virginia Beach oceanfront area, surrounded by residential, offices and industrial parks and 15 minutes from Naval Station Oceana (10,500 military and 4,500 civilian employees).

Attachments & Files

red-lobster.vabeach.lynnhaven.om-n0a-CER.pdf

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Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Virginia Beach History of Retail Space for Sale

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Listing Demographics for 821 Lynnhaven Parkway Virginia Beach, VA 23452

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		9,263	92,846	230,595
Population Median Age		34	36	37
Population by Age	0-9 Yrs	1015 (10%)	11297 (12%)	28258 (12%)
	10-19 Yrs	1701 (18%)	11717 (12%)	27378 (11%)
	20-29 Yrs	1564 (16%)	17721 (19%)	38675 (16%)
	30-39 Yrs	1381 (14%)	14102 (15%)	35965 (15%)
	40-49 Yrs	1295 (13%)	10595 (11%)	28248 (12%)
	50-59 Yrs	1046 (11%)	11944 (12%)	29052 (12%)
	60-69 Yrs	716 (7%)	8115 (8%)	24096 (10%)
	70+ Yrs	546 (5%)	7357 (7%)	18922 (8%)

Median HH Income		$64,494	$67,898	$75,026
Total Household Income	< 24K	378 (12%)	4318 (12%)	9258 (10%)
	25-49K	773 (25%)	7627 (22%)	17350 (19%)
	50-74K	616 (20%)	7180 (20%)	17202 (19%)
	75-99K	554 (18%)	5657 (16%)	14001 (15%)
	100-199K	568 (18%)	8267 (24%)	24235 (27%)
	200K+	144 (4%)	1332 (3%)	5604 (6%)

Highest Education Level	No Diploma	490	4442	9662
	Diploma or GED	1726	15324	34493
	Some College	1944	18489	41293
	Assoc. Degree	634	7260	18684
	Bachelors Degree	715	11295	35132
	Higher Degree	314	4757	17920

Total Housing Units		3,229	36,344	92,813
--Owner-Occupied		1,943	21,108	56,005
--Renter-Occupied		1,089	13,273	31,645
Owner-Occupied Values	< 100K	113	966	2133
	100-199K	906	5915	11224
	200-299K	797	9881	21359
	300-399K	95	3141	12355
	400-499K	6	610	4796
	500K+	27	595	4138

Total Working Age Population		7,461	75,284	186,221
In Work Force		5,199	54,619	133,808
Not In Work Force		2,261	20,664	52,413
Workforce Employed		4,629	46,767	116,377
Workforce Unemployed		312	2,488	5,658
Civlian Workforce		4,941	49,255	122,035
Military Workforce		258	5,365	11,772

Total Households		3,032	34,382	87,650
Family Households		2,125	23,704	59,997
Non-Family Households		907	10,677	27,654
Married Couple		1,359	15,891	43,859
Other Family		765	7,814	16,138
Married w/Child		644	6,504	17,817
Single Male w/Child		112	709	1,701
Single Female w/Child		194	3,100	6,527

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Virginia	7,078,515	+13	8,001,024	+8	8,655,021	+8	9,331,666
Virginia Beach city	425,257	+3	437,994	+4	457,699	+2	467,187

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 821 Lynnhaven Parkway in Virginia Beach?

The asking price for 821 Lynnhaven Parkway is $6,120,000

What is the building size of this Retail property in Virginia Beach, VA?

The size of the building/unit at 821 Lynnhaven Parkway in Virginia Beach is 7,730 square feet

How much land does the Virginia Beach, VA property at 821 Lynnhaven Parkway include?

821 Lynnhaven Parkway in Virginia Beach includes 1.445 acres of land

What kind of Retail is the propery at 821 Lynnhaven Parkway?

The property at 821 Lynnhaven Parkway Virginia Beach, VA 23452 is listed as a Food Service Retail property

What is the population within 1 mile of 821 Lynnhaven Parkway in Virginia Beach?

The population within 1 mile of 821 Lynnhaven Parkway Virginia Beach, VA 23452 is 9,263 people.

Who do I contact for questions about 821 Lynnhaven Parkway?

You should contact the listing agent, Doug Aronson, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
1136 Lynnhaven Parkway, Virginia Beach, VA	$1,600,000	15600	1.43
2392 Princess Anne Road, Virginia Beach, VA	$849,000	2600	0.8
2388 Princess Anne Road, Virginia Beach, VA	CALL	7368	0.51
908 General Booth Boulevard, Virginia Beach, VA	$850,000	3982	0.3
880 South Military Highway, Virginia Beach, VA	CALL	128017	12.73
5585 East Virginia Beach Boulevard, Norfolk, VA	$1,500,000	4566	0.89
801 Eden Way North, Chesapeake, VA	$7,719,100	13500	2.8
3351 Chesapeake Boulevard, Norfolk, VA	$370,000	2600	0.31
4316 Bainbridge Boulevard, Chesapeake, VA	$450,000	4400	-
7455 Tidewater Drive, Norfolk, VA	$495,000	4825	0.19

Closest Commercial Airports

Airport	Distance (mi)
Norfolk International Airport (ORF)	9
Newport News Williamsburg International Airport (PHF)	32
Richmond International Airport (RIC)	84