Property Details

Lynnhaven Green Shopping Center

Virginia Beach, VA
Property ID: 12623

Financial Summary

Asking Price $4,966,009
Cap Rate 8.00%
Net Operating Income (NOI) $397,281
Lease Type NN

Offering Memorandum

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Contact

Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
202.644.8700
Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
703.288.2700

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Highlights

  • Located at the busy intersection of Rosemont Road and Lynnhaven Parkway with combined traffic counts of 51,794 VPD
  • Multiple points of ingress/egress
  • Anchored by Farmers International Market & Dollar General
  • 149 parking spaces, including 7 handicap spots
  • 100% leased shopping center
  • Surrounded by vast residential
  • Population of 241,462 within 5 mile radius
  • 6 miles from Naval Air Station Oceana

Location

1505 Lynnhaven Parkway
Virginia Beach, VA

Leigh ClineLynnhaven Green Shopping Center