Retail Space /DC /District of Columbia County /Washington /1359 U St NW
Retail Space /DC /District of Columbia County /Washington /1359 U St NW

1359 U St NW - Freestanding FOR SALE


Washington, DC 20009- U Street | 
$1,925,000 USD
202-286-1542
1359 U St NW, Washington, DC for Sale
$1,925,000 USD
Freestanding - FOR SALE
1/9
null | 8.35% Cap Rate
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1359 U St NW
Washington, DC 20009
U Street

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HIGHLIGHTS

  • Single Tenant | Scheduled Rental Increases | Exceptional Underlying Real Estate
  • NNN Lease | Fee Simple Ownership
  • Strongest Market in D.C. | Dense Demographics in 5-mile Trade Area | Six Figure Incomes
  • Signalized, Hard Corner Intersection | Street Level Retail | Extremely Strong Trade Area | Excellent Visibility
  • U Street Metro Station | Sonnet Apartments | Direct Residential Consumer Base

OVERVIEW

• 100% leased to Hush Nightclub for 10 years • Tenant has one 5-year option to extend with fixed rental rate increases through the option term • Excellent long-term viability in the underlying real estate with a replaceable rental rate • Tenant occupies the entirety of the three-story building

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$802 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Revolt DC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

1,000 SF

ZONING

ARTS-4

APN/PARCEL ID

0237-0207

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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