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743 Lynnhaven Pky
Virginia Beach, VA 23452
Panera · Retail Property For Sale
Investment Highlights
- Corporately Guaranteed NNN Ground Lease With 11 Years Remaining
- 15 Percent Rent Increase in Third 5-Year Renewal Option
- Panera Operating at Lynnhaven Mall Over 15 Years — Moved to This Build-to-Suit Location in 2021
- 10 Percent Rent Increases Every 5 Years in Firm Term and First Two 5-Year Options
- 1.15-Acre Outparcel to Lynnhaven Mall, Largest Shopping Center in Southeast Virginia
- Situated Between 59,000+ AAWDT Lynnhaven Parkway and 23,000+ AAWDT South Lynnhaven Road
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,459 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.15 AC
Zoning
B-2 - B-2 Community Business - entire shopping mall is zoned B-2
Parking
82 Spaces (18.43 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Corner Lot
- Drive Thru
Property Taxes
| Parcel Number | 1496-46-8027 | Improvements Assessment | $1,079,400 |
| Land Assessment | $1,308,900 | Total Assessment | $2,388,300 |
Property Taxes
Parcel Number
1496-46-8027
Land Assessment
$1,308,900
Improvements Assessment
$1,079,400
Total Assessment
$2,388,300
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