798 Lynnhaven Pkwy
Virginia Beach, VA
Price:
$5,738,000
Cap Rate:
5.00%
NOI:
$286,881
Building Size:
Approx. 2,400 Sq. Ft.
Lot Size:
Approx. 0.52 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2020
Investment Overview
- 2020 Construction. 2,400+/- SF Building on 0.52+/- Acre Site
- Approx. 9 Years Remaining on Absolute NNN Lease with 10% Rental Increases Every 5 Years in Primary Term and (4) 5-Year Options.
- Strong Signalized Parkway Location with 30k+ VPD Lynnhaven Pkwy Connects to I-264 (110k+ VPD) just 2-Mi. North of the Property
- Excellent Population Density the 5-Mile Radius Population Exceeds 235,000 People
- Adjacent to 1.1 Million SF Lynnhaven Mall a Super-Regional Shopping Mall in Virginia Beach Featuring Over 120 Premier Stores
- 7-Eleven Is the Largest Convenience Store Chain in the World With 86,000 Stores
- Virginia Beach, VA | Home to Naval Air Station Oceana | Population: 450,882+