Log In/Sign Up
11871 Jefferson Ave
Newport News, VA 23606
Havertys: Newport News, VA · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease | No Landlord Responsibilities
- Near Term Bump | 6% Increase in ±2 years, bringing the unlevered return up ±40 basis points
- One, 5-Year Renewal Option Remaining | 6% Rent Increases in 2027 & 2032 (during option period)
- Long-Term Operating History of 29 Years
- Havertys recently exercised its first renewal option, extending the lease through 2031 and now features ±5.9 years of term remaining
- Less Than 2 Miles from Downtown Newport News, VA (MSA Population: 1.8M+)
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
49,716 SF
Building Class
B
Year Built
1996
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.41
Lot Size
2.78 AC
Zoning
M1 - business
Parking
86 Spaces (1.73 Spaces per 1,000 SF Leased)
Frontage
250’ on Jefferson Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 183.00-01-21 | Improvements Assessment | $4,894,200 |
| Land Assessment | $2,002,800 | Total Assessment | $6,897,000 |
Property Taxes
Parcel Number
183.00-01-21
Land Assessment
$2,002,800
Improvements Assessment
$4,894,200
Total Assessment
$6,897,000
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
