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Former Babies R' Us 12153 Jefferson Ave
24,932 SF of Retail Space Available in Newport News, VA 23602
Highlights
- Close proximity to Interstate 64 with easy access from Jefferson Ave and Operations Dr.
- Adjacent tenants include Costco, Fresh Market and World Market.
- Cotenants include Best Buy and Value City Furniture.
- Patrick Henry Mall, located directly across Jefferson Avenue.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 12153 | 24,932 SF | Negotiable | $19.84 CAD/SF/YR $1.65 CAD/SF/MO $213.61 CAD/m²/YR $17.80 CAD/m²/MO $41,230 CAD/MO $494,765 CAD/YR | Triple Net (NNN) |
1st Floor, Ste 12153
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
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.
PROPERTY FACTS FOR 12153 Jefferson Ave , Newport News, VA 23602
| Property Type | Retail | Total Land Area | 15.71 AC |
| Property Subtype | Retail | Year Built/Renovated | 1984/2001 |
| Gross Leasable Area | 132,932 SF | Parking Ratio | 4.12/1,000 SF |
| Property Type | Retail |
| Property Subtype | Retail |
| Gross Leasable Area | 132,932 SF |
| Total Land Area | 15.71 AC |
| Year Built/Renovated | 1984/2001 |
| Parking Ratio | 4.12/1,000 SF |
About the Property
Excellent sublease opportunity located in the heart of the busy Jefferson Avenue retail corridor. The former Babies R Us building is 24,932 SF with two dock level doors and considerable frontage. Shopping center tenants include Best Buy and Value City Furniture.
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Former Babies R' Us | 12153 Jefferson Ave
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