Retail Space in Jefferson
For Lease
$14 SF/Yr
12149 & 12153 Jefferson Ave, Newport News, VA 23602
Big-box sublease opportunity in Newport News' primary retail corridor.
Space Size24,932 SF - 55,800 SF
Property Size143,932 SF
Days on Market165
Property Features for 12149 & 12153 Jefferson Ave
General Information
Standard status
Active
Size
24,932 SF - 55,800 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
143,932 SF
Spaces For Lease
at 12149 & 12153 Jefferson Ave Contact us- Size
- 24,932 SF
- Type
- Power Center
- Term
- Negotiable
Former Babies R Us (Sublease) $14/SF/Yr
- Size
- 55,800 SF
- Type
- Power Center
- Term
- Negotiable
Former Value City Furniture (Sublease) $14/SF/Yr
Listing Agency:
Divaris Real Estate - Hampton Roads
Listed By:
Levi Thomson
(757) 675-9132
Source:
Divaris
Added: Mar 27
Changed: Sep 6
Last Checked: Sep 7 at 7:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Divaris Real Estate - Hampton Roads
Investment Insights
Based on property information with market context.
Jefferson Plaza offers a big-box sublease opportunity within Newport News’ primary retail corridor along Jefferson Avenue. The property, anchored by Best Buy, features visibility and signalized access, with connectivity to Interstate 64. It is positioned across from Patrick Henry Mall and adjacent to retailers including Costco, The Fresh Market, and World Market. The location benefits from co-tenancy, established retail infrastructure, and surrounding demographics that support retail demand. The property offers visibility and access from Jefferson Avenue in Newport News.
Key Highlights
- Exceptional visibility and signalized access on Jefferson Avenue.
- Immediate connectivity to Interstate 64.
- Located in Newport News’ primary retail corridor.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 23602, VA
42,004
Population
18,876
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,182
Density / Sq Mi
$72,487
Median Household Income
$46,125
Median Earnings
$1,446
Median Rent
$270,200
Median Home Value
Market
Lease Benchmarks for Newport News, VA
$17.59 /SF/Yr
Avg Asking Price
$14–$25 /SF/Yr
Price Range
15,933 SF
Avg Space Size
This space is priced 20% below the average of $17.59 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Big-box sublease opportunity in Newport News' primary retail corridor.
Where is this retail space located?
The property is located at 12149 & 12153 Jefferson Ave Newport News, VA.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Exceptional visibility and signalized access on Jefferson Avenue.; Immediate connectivity to Interstate 64.; Located in Newport News’ primary retail corridor.
