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1299 1st St SE

12,325 SF 100% Leased 4-Star Retail Building Washington, DC 20003 $23,175,000 ($1,880/SF) 5.50% Cap Rate

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,325 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$23,175,000
Price Per SF
$1,880
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

SUSTAINABILITY

LEED Certified
Certified
LEED certification is a globally recognized symbol of sustainability achievement.

SUSTAINABILITY

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)

Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Silver Diner
barre3
Chopt
Chase Bank
Truist
Five Guys
9round Fitness
The Greene Turtle Sports Bar& Grille
The Bistro
Bonchon Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0701-0169
Land Assessment
$2,143,340
Improvements Assessment
$0
Total Assessment
$2,143,340
  • Listing ID: 34645610

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 1299 1st St SE, Washington, DC 20003

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