5225 MacArthur NW blvd - Bank FOR SALE


Washington, DC 20016- Palisades
$9,600,000 USD
202-286-1542
5225 MacArthur NW blvd, Washington, DC for Sale
$9,600,000 USD
Bank - FOR SALE
1/6
null | 5.1% Cap Rate

5225 MacArthur NW blvd
Washington, DC 20016
Palisades


HIGHLIGHTS

  • Corporate JP Morgan Chase Bank Ground Lease | 15 Years Plus Options | 10% Structured Rent Increases
  • Dense, Affluent Demographics In The Trade Area
  • Close Proximity to American University, Georgetown University, Sibley Hospital | Gateway Intersection - Chain Bridge
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Chase Bank investment property located in Washington D.C.. The tenant, Chase Bank, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$4,174 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank - Washington D.C.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

MU-3A

APN/PARCEL ID

1419-0929

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.