1508 14th St NW - Storefront FOR SALE
Washington, DC 20005 |
1508 14th St NW
Washington, DC 20005
HIGHLIGHTS
- 100% occupied trophy real estate along the 14th Street corridor - one of the most coveted markets in the country
- NNN leases: Hidden Gym, Chipotle, nailsaloon, Flow Yoga - rental increases throughout primary and option terms – 3% annually or 10% every five-years
- Anchored by Chipotle; corporate guarantee – responsible for 41% of the overall income - Chipotle extended early (11+ years of primary term)
- Nailsaloon just extended early, adding an additional 10-years of primary term and two five-year options
- Average household income of $147,248 within a one-mile radius of the property
- $1.8B in total specified consumer spending within a one-mile radius of the property
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Fast Food, Freestanding, Restaurant
TOTAL BUILDING SIZE
9036
STORIES
4
YEAR BUILT
1890
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0209-0070
