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Raising Cane's 675 Lynnhaven Pky 2,691 SF Retail Building Virginia Beach, VA 23452 $6,600,440 CAD ($2,452.78 CAD/SF) 4.35% Cap Rate

Retail Spaces Virginia Virginia Beach 675 Lynnhaven Pky, Virginia Beach, VA 23452

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Investment Highlights

  • Brand new 2025 construction | Latest store prototype with double drive-thru
  • Located within the extremely desirable submarket of Virginia Beach with a low vacancy of 1.7% that contains roughly 2.7 MM SF of inventory
  • Newly developed ground lease (significant tenant investment) | 15-year base term | Five (5), 5-year renewal options
  • Well-located on the hard corner of a signalized intersection
  • Avg. Household Incomes: $87.4k (1-Mi); $96.4k (3- Mi); $109.5k (5-Mi) | Population: 6.8k (1-Mi); 93.0k (3-Mi); 213.1k (5-Mi)
  • True NNN lease with no landlord responsibilities | 10% rent increases every 5 years | Corporately guaranteed

Executive Summary

Broker of Record
Kyle Matthews
License # 226035518 (VA)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,691 SF
Building Class
B
Year Built
2025
Price
$6,600,440 CAD
Price Per SF
$2,452.78 CAD
Cap Rate
4.35%
NOI
$287,119 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.93 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
I1

Links

1 1

Nearby Major Retailers

Starbucks
Wells Fargo
Truist
Noodles & Company
Five Guys
Olive Garden
Carrabas Italian Grill
Bank of America
Cracker Barrel Old Country Store
Southern Bank

Property Taxes

Parcel Number 1496-48-8158 Improvements Assessment $284,613 CAD
Land Assessment $1,476,142 CAD Total Assessment $1,760,755 CAD

Property Taxes

Parcel Number
1496-48-8158
Land Assessment
$1,476,142 CAD
Improvements Assessment
$284,613 CAD
Total Assessment
$1,760,755 CAD
(404) 897-0452

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39254212

  • Date on Market: 2026-01-29

  • Last Updated:

  • Address: 675 Lynnhaven Pky, Virginia Beach, VA 23452

The Retail Property at 675 Lynnhaven Pky, Virginia Beach, VA 23452 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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675 Lynnhaven Pky, Virginia Beach, VA for sale Primary Photo- Image 1 of 9
LoopNet-Raising Cane's - Virginia Beach, VA - OM_loopnet(with logo)
675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 2 of 9
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675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 3 of 9
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675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 4 of 9
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675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 5 of 9
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675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 6 of 9
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675 Lynnhaven Pky, Virginia Beach, VA for sale Building Photo- Image 7 of 9
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Raising Cane's | 675 Lynnhaven Pky
(404) 897-0452 x

Raising Cane's | 675 Lynnhaven Pky

Jared Kaye
(404) 897-0452

Sonny Molloy
(404) 868-4892

Bennett Holman
(470) 826-1718

Grant Morgan
(205) 610-8670

Simon Ben-Moshe
(404) 368-4057

Andrew Marcus
(201) 787-6030

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