Property ID: 12266 Jefferson Ave

CIP is proud to announce the sale of 12266 Jefferson Ave a prime investment opportunity in Newport News, VA. Four credited retail tenants with 5+ NNN lease terms. The asset is located next to some of the largest retailers in the area (Target/Best Buy) as well as the Patrick Henry mall. This is a great investment for any 1031 exchange investor looking for long term cash flow.

  • Multi-tenant NNN property
  • High Credit Tenants with long term leases
  • Centrally located in the area’s busiest retail district
  • Significant Rental Increases
  • Fully Occupied

Property Details

12266 Jefferson Ave

Newport News, VA


Price: $5,745,000

Building Size: 9,728

Property Type: Retail

Subtype: N/A

Lot Size: 42,253 SQ FT

Number of Units: 4

APN/Parcel ID: 1410-001-16

Price per Unit: $590

Use Type: N/A

Cap Rate: 6%

Gross Multiplier:

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