For Sale
$5,600,000
12170 Jefferson Ave Newport News, VA 23602
High-yield NNN retail investment in VA
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $5,600,000 asking price for a stabilized, triple-net leased retail property.
- Class A, 24,860 square foot freestanding building on approximately 2.14 acres with C1-Commercial zoning.
- Prime retail location on the Virginia Peninsula with 281 feet of Jefferson Avenue frontage and 53,435 vehicles passing daily.
- 176 parking spaces (7.55/1000 ratio).
- New roof installed in 2024.
- $389,746 projected Year 1 NOI; 7.00% cap rate.
Property Details for 12170 Jefferson Ave
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 24,860 SF
- Class
- A
- Year Built/Renovated
- 1997/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 93,218 SF
- Units
- 1
Location Insight
- City
- Newport News
- County
- Hampton City
- State
- Virginia
- Latitude
- 37.108998543653
- Longitude
- -76.496643605806
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield NNN retail investment in VA
- Where is the lifestyle center located?
- The property is located at 12170 Jefferson Ave Newport News, VA.
- What is the asking price?
- The asking price for this property is $5,600,000.
- What are key features of this property?
- This property features: $5,600,000 asking price for a stabilized, triple-net leased retail property.; Class A, 24,860 square foot freestanding building on approximately 2.14 acres with C1-Commercial zoning.; Prime retail location on the Virginia Peninsula with 281 feet of Jefferson Avenue frontage and 53,435 vehicles passing daily.
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