Confidentiality Agreement

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McDonald’s & Cracker Barrel

757 & 773 Lynnhaven Pkwy, Virginia Beach, VA, 23452
For Sale

Property Details

  • Price: $7,150,000
  • Property Type: Retail
  • Availability: Recently Sold
  • Transaction Type: For Sale
  • Cap Rate: 5.50%
  • Building Size: 13,901 SF
  • Lot Size: 2.81 AC
  • Lease Type: Ground Lease
  • Year Built: 2010
  • Parking: 164
  • Tenancy: Multi Tenant

Property Description

SECURE STREAM OF INCOME

  • 100% Leased to McDonald’s and Cracker Barrel
    Absolute NNN ground leases, zero landlord responsibilities
  • Strong Operating History
    McDonald’s opened in 2012, Cracker Barrel opened in 2010
  • Cracker Barrel Recently Signed 10-Year Lease Extension
    High performing location with long-term commitment by tenant
  • McDonald’s (NYSE: MCD) Rated ‘BBB+’ by S&P
    Investment grade credit rated tenant, $25.5B revenue in 2023 with a $202.3B market cap

 

 

PROXIMITY

  • Outparcel to 1.2M SF Lynnhaven Mall
    The largest shopping center in southeastern Virginia with over 110 stores
  • 232,462 Residents in Primary Trade Area
    Average household income of $111,614, 5% above the national average
  • Minutes to Oceana Naval Air Station
    Navy’s east coast master jet base including 25,000 active Navy personnel and civilians
  • 2.81 Acre Site at Hard Corner & Signalized Intersection
    Excellent access and visibility to 59,000 VPD

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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