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Jefferson Market Place 12515 Jefferson Ave 1,654 SF of Retail Space Available in Newport News, VA 23602
HIGHLIGHTS
- Adjacent to Radius Apartments, a 250+ luxury apartment complex conveniently located off I-64
- Monument signage with excellent visibility along Jefferson Avenue and Bland Boulevard
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 430 | 1,654 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
12515 Jefferson Ave - 1st Floor - Ste 430
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT JEFFERSON MARKET PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Donatos Pizza
- Pizza
- 191
- National
- Firehouse Subs
- Sub Sandwich
- 1,472
- International
- Five Guys
- Restaurant
- 1,884
- International
- GoWireless
- Wireless Communications
- 603
- National
- sweetFrog
- Ice Cream
- 289
- International
- United States Navy
- Other Services
- 1,204
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Donatos Pizza | Pizza | 191 | National |
| Firehouse Subs | Sub Sandwich | 1,472 | International |
| Five Guys | Restaurant | 1,884 | International |
| GoWireless | Wireless Communications | 603 | National |
| sweetFrog | Ice Cream | 289 | International |
| United States Navy | Other Services | 1,204 | National |
PROPERTY FACTS
| Total Space Available | 1,654 SF | Gross Leasable Area | 67,839 SF |
| Center Type | Neighborhood Center | Total Land Area | 48.16 AC |
| Parking | 210 Spaces | Year Built | 2016 |
| Center Properties | 7 |
| Total Space Available | 1,654 SF |
| Center Type | Neighborhood Center |
| Parking | 210 Spaces |
| Center Properties | 7 |
| Gross Leasable Area | 67,839 SF |
| Total Land Area | 48.16 AC |
| Year Built | 2016 |
ABOUT THE PROPERTY
Parker Burnell Real Estate Group, LLC, proudly presents a strategic commercial opportunity nestled along the bustling Jefferson Avenue. Commanding traffic flow of over 80,000 vehicles per day, this location guarantees excellent visibility and a steady influx of potential customers, reinforcing the foundation of a successful business venture. Situated adjacent to the Radius Apartments, a luxury complex housing over 250 units, and the newly minted Newport News Multi-Modal Station on Bland Boulevard, this vibrant hub finds itself in a unique position of high consumer engagement. Current tenants include renowned entities like Verizon Wireless, Five Guys, Orange Theory Fitness, Ideal Image, Sweet Frog, Donato’s Pizza, Firehouse Subs, Jason’s Deli, GNC, and more. The availability of monument signage further amplifies the visibility quotient, ensuring your business's name and brand do not go unnoticed. Poised to serve as a “gateway” facility into Newport News, this location will harmoniously link Amtrak passenger rail, local, and intercity bus services in an integrated intermodal hub. The blueprint of this facility is also devised to incorporate a future light rail station, further enhancing its connectivity profile. The ambitious master plan for this 30-acre facility envisages a robust blend of commercial spaces, including an 80,000 sq. ft. office, a 125-key hotel, 9,600 sq. ft. of retail, and a dedicated public open space for passive recreation. These amenities will synergistically support the upcoming Williamsburg/Newport News International Airport’s “Aerotropolis” project, fostering a vibrant commercial ecosystem that seamlessly interweaves transportation and commerce. Situated across Highway 64 from the planned 8,000 sq. ft. Amtrak Station and platform, the location also includes bus accommodations for Amtrak Thruway buses, Hampton Roads Transit, intercity bus services, and airport shuttles. Furthermore, it will host a future Light Rail Station and a service area including a Crew Base, Mechanical, service platform, and a layover yard. This high-visibility commercial hub offers a unique opportunity to carve a niche in a rapidly developing, transit-oriented community, bolstered by the vibrancy of high-profile co-tenants, excellent demographic profile, and unbeatable connectivity.
NEARBY MAJOR RETAILERS
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Jefferson Market Place | 12515 Jefferson Ave
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