1689 W 5th St - Retail FOR SALE
Washington, NC 27889 |
$3,169,300 USD
404-441-3849
1689 W 5th St
Washington, NC 27889
HIGHLIGHTS
- Two-tenant retail building that is 100% leased to Dunkin' and Jimmy John's in Washington, NC.
- Dunkin's lease commenced in 2026, and features rent increase of 7.5% every 5 years throughout the initial term and in each of the four, 5-year options
- Jimmy John's lease is expected to commence in September and will feature 10% rent increases in year 6 and each of the three, 5-year renewal options.
- The site is located within Washington’s primary retail & commercial corridor, with 1.7 MSF of retail and 2.1 MSF of industrial within a 3-mile radius.
- The tenants benefit from dynamic demographics, with a population of 11,831 and an average household income of $69,621 within a 3-mile radius.
OVERVIEW
CBRE is pleased to exclusively offer for sale the 3,118-square-foot, two-tenant retail building that is 100% leased to Dunkin’ and Jimmy John’s in Washington, NC. Built in 2026, Dunkin’ & Jimmy John’s is located along West 5th Street (21,500 VPD), less than one mile from downtown Washington. Access to Highway 17 (8,300 VPD) and Clarks Neck Road (15,00 VPD) is also just feet away.
FOR SALE DETAILS
PRICE
$3,169,300 USD
PRICE/SF
$1,016 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dunkin' & Jimmy Johns | Washington, NC
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.2 AC
LAND SF
52,272 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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404-441-3849
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404-441-3849
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