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Barnes & Noble Yoder Plaza, Newport News, VA 12170 Jefferson Ave
25,046 SF Retail Building Newport News, VA 23602 $5,600,000 ($224/SF) 7% Cap Rate
Investment Highlights
- 281 feet of frontage on Jefferson Avenue
- Premium location for retail on Virginia Peninsula
- Traffic Count: 53,435 Vehicles Per Day
Executive Summary
New 10-year lease renewal with expiration out to January 2035
New roof
Freestanding 24,860 sq. ft. building on +/- 2.14 acres of land; Zoned C1-Commercial
Premium location at ground zero for retail on the Virginia Peninsula
281 feet of frontage on Jefferson Avenue with 53,435 vehicles per day
Parking of 176 spaces with a parking ratio of 7.55/1000
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 24,860 SF
- -
- Triple Net
- Jan 2035
Barnes & Noble, Inc. is the largest retail bookseller in the United States. The Company has hundreds of bookstores across the United States, as well as its online bookstore at BN.com, the NOOK® Digital business which offers both eBooks and an audio book subscriptions service, the SparkNotes educational service, stationery and gift retailer Paper Source, and the publisher Union Square & Co. Barnes & Noble is owned by Elliott Advisors (UK) Limited and run by CEO and bookseller James Daunt, who is also Managing Director of Waterstones bookstores in the U.K. and founder and owner of Daunt Books. Barnes & Noble was founded in 1971 by bookseller Leonard Riggio when he acquired the Barnes & Noble trade name and bookstore in New York City.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 24,860 SF | - | Triple Net | Jan 2035 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 151.00-05-04 | Improvements Assessment | $1,222,900 |
| Land Assessment | $4,345,100 | Total Assessment | $5,568,000 |
PROPERTY TAXES
-
Michael Allen -
Power Broker Robert Saunders -
Power Broker Clark Baldwin -
Sam Jones -
Harvey Lindsay Commercial Real Estate
Presented by
Barnes & Noble Yoder Plaza, Newport News, VA | 12170 Jefferson Ave
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