Refreshed price of $4,989,000! This is an excellent opportunity to purchase a fully leased retail center with long term credit tenants. The seller will finance 70% of the purchase at 6.10% interest! Updated OM available below. The building and trim were just painted. This is a stabilized, NNN credit tenant strip center with excellent visibility and long-term leases in place. Urgent Vet just signed a new ten year lease and is open for business.
The retail strip center was built in 2004 and 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 Avenue takes advantage of the large 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.