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11871 Jefferson Ave
Newport News, VA 23606 Deer Park

$4,563,239 USD

Freestanding For Sale  •  49,716 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 49,716 SF
  • Lot Size 2.78 AC
  • Building Class B
  • Year Built 1996
  • Tenancy Single
  • Zoning M1
43 Transit Score
57 Walk Score

Highlights

Absolute NNN Lease | No Landlord Responsibilities
Long-Term Operating History of 29 Years
Near Term Bump | 6% Increase in ±2 years, bringing the unlevered return up ±40 basis points
Havertys recently exercised its first renewal option, extending the lease through 2031 and now features ±5.9 years of term remaining
One, 5-Year Renewal Option Remaining | 6% Rent Increases in 2027 & 2032 (during option period)
Less Than 2 Miles from Downtown Newport News, VA (MSA Population: 1.8M+)

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
11 min - 5.3 mi
AirportDriveWalkDistance
Newport News/Williamsburg International 10 min - 4.2 mi
Norfolk International 38 min - 25.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 86
Type: Surface
Included in Rent: Yes
Christopher Bosworth 404-441-3849 CBRE, Inc.
Christopher Bosworth 404-441-3849 CBRE, Inc.