Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

964 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1299 1st St SE

12,325 SF 100% Leased 4-Star Retail Building Washington, DC 20003 $23,175,000 ($1,880.32/SF) 5.50% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

100% occupied multi-tenant trophy real estate situated in one of the most coveted markets in the country
All tenant leases are NNN with increases throughout primary terms and option periods - offering a management free, fully stabilized asset
Population of 280,866 within a three-mile radius of the property; average household income of $145,220 within a one-mile radius of the property

Located directly across from Nationals Park (Home to The Washington Nationals) offering unapparelled visibility in one of DC’s most coveted submarkets
The ground floor is occupied by TD Bank – investment grade credit with $436 billion in total assets and 1,100+ locations nationwide
Ideal for a 1031 exchange buyer seeking generational real estate that offers true passive income

EXECUTIVE SUMMARY

Offered for sale is a 100% net-leased, 12,325 square foot, multi-tenant retail property located at 1299 1st Street SE, Washington, DC. Built in 2021, this exceptional core urban asset is located directly across from Nationals Park, home of the Washington Nationals, offering unparalleled visibility in one of DC’s most desirable submarkets. Within a year of its completion, the property secured leases with four prominent retail tenants and a national signage company, all benefiting from the millions of visitors attending events at Nationals Park and Audi Field annually. As a result, tenants at 1299 1st St SE enjoy extremely high consumer foot traffic in one of the city’s busiest and most robust areas. This investment is a rare opportunity to acquire generational real estate with stable, management-free cash flow from a strong tenant mix in one of Washington, DC’s fastest-growing and most vibrant neighborhoods.

Offering Memorandum - 1299 1st Street SE - Multi Tenant Urban Retail

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

12,325 SF

Building Class

LoopNet Rating

4 Star

Year Built

2021

Price

$23,175,000

Price Per SF

$1,880.32

Cap Rate

5.50%

NOI

$1,274,604

Percent Leased

100%

Tenancy

Multiple

Building Height

4 Stories

Building FAR

3.54

Lot Size

0.08 AC

AMENITIES

LEED Certified

Certified

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)