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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 USD ($224 USD/SF) 7% Cap Rate

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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

Triple Net Corporate Tenant Investment Sale
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

12170 Jefferson Avenue Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

25,046 SF

Building Class

Year Built

1997

Price

$5,600,000 USD

Price Per SF

$224 USD

Cap Rate

NOI

$392,000 USD

Tenancy

Single

Building Height

1 Story

Building FAR

0.27

Land Acres

2.14 AC

Zoning

C1 - Commercial

Parking

170 Spaces (7.55 Spaces per 1,000 SF Leased)

Frontage

281 FT on Jefferson

Amenities

Bus Line
Dedicated Turn Lane

Pylon Sign

Signage

Signalized Intersection

MAJOR TENANTS

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.