The seller will finance of 75% of purchase price. Updated OM available here. The building and trim was just painted. This is a stabilized, NNN credit tenant strip center with excellent visibility and long-term leases in place. Urgent Vet signs a new ten year lease and moved in!
The center, built in 2004, is on a pad adjacent to The Patrick Henry Mall in the City of Newport News, VA. The tenants include T-Mobile, Vitamin Shoppe, Urgent Vet and Great Clips. Vitamin Shoppe , Great Clips and T-Mobile have been in the building since constructed (2004) and have strong financials backed by a consistent customer base supporting long-term tenancy . 12266 Jefferson Ave takes advantage of the huge marketing budget of the Patrick Henry Mall that draws attention to the property from its location.
Newport News is home to the headquarters for Canon, Virginia and Jefferson Labs, Fort Eustis, Langley Air-force base, and the U.S. Department of Energy Laboratories. The local community includes commercial corridors, industrial areas, and an array of residential communities. The Patrick Henry Mall is the largest mall on the Virginia Peninsula with more than 120 specialty stores.