526-528 8th St SE - Retail FOR SALE


Washington, DC 20003- Capitol Hill
$6,850,000 USD
202-318-6833
526-528 8th St SE, Washington, DC for Sale
$6,850,000 USD
Retail - FOR SALE
1/7
null | 7.75% Cap Rate

526-528 8th St SE
Washington, DC 20003
Capitol Hill


HIGHLIGHTS

  • Extremely Rare Newer-Construction Multi-Tenant Investment Opportunity
  • 100%-Leased to 3 Different Tenants | Stable Tenant Mix with 6.28 Years of WALT
  • Tenants Include Jeni’s Splendid Ice Creams, Compliments Only, & Ginza BBQ Lounge
  • Newly Constructed by Ownership in 2020 | 3rd Level Includes a Partial Roof Deck
  • Centrally Located Along Barracks Row | 3 Blocks from the Eastern Market Metrorail Station
  • Very Strong Demographics | Average HH Income of $183,531 within 1 Mile

OVERVIEW

Feldman Ruel is pleased to exclusively offer for sale 526 8th Street SE, a four-level retail property that is 100% leased to three different tenants. The 9,234-square-foot building was constructed in 2020 in a submarket with very few new-construction opportunities. The tenant mix is highlighted by Jeni's Splendid Ice Creams, a nationally recognized ice cream parlor with more than 80 locations across the country. 526 8th Street SE is well positioned for long-term success, supported by a strong weighted average lease term of 6.28 years, convenient access to transit, and extremely strong surrounding demographics.

FOR SALE DETAILS

PRICE

$6,850,000 USD

PRICE/SF

$742 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,646 SF

ZONING

MU-4/CHC

APN/PARCEL ID

0926-0059

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman RuelMore Info
202-318-6833

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Josh FeldmanFeldman RuelMore Info
202-318-6833

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