Two Tenant NNN Investment Near Logan Circle | 1807 14th St NW
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Two Tenant NNN Investment Near Logan Circle 1807 14th St NW
1,780 SF 100% Leased Retail Building Washington, DC 20009 $2,545,000 ($1,430/SF) 7.52% Cap Rate
Investment Highlights
- Multi-tenant NNN investment opportunity located near both DuPont Circle and Logan Circle.
- 1807 14th St NW is exposed to heavy pedestrian traffic in one of DC’s most popular retail destinations.
- 14th Street/Logan Circle is one of the most sought-after submarkets in Washington, DC.
- Robust surrounding developments taking place – 460+ nearby residential units expected to deliver in 2022.
- Long-term NNN leases with annual rental increases.
- Average household income in excess of $148,000 within a one-mile radius of the property.
Executive Summary
Offered for sale is a 1,780 square foot urban retail property addressed 1807 14th Street NW, Washington, DC 20009. The property is occupied by two-tenants; both having recently signed leases, Amazon occupies the ground floor (1,060sf) and Yerba Buena occupies the second floor (720sf with a 340sf outdoor roof deck). The property is ideally positioned in the heart of the 14th Street corridor, one of DC’s most dominant retail corridors exploding with new development and national tenants such as Trader Joe’s, Whole Foods, West Elm, Room & Board, McDonald’s, Chipotle, Capital One, Wells Fargo, lulelemon and many more. The offering represents a rare opportunity to acquire generational real estate anchored by investment grade credit tenant Amazon; prominently situated in the highly coveted 14th Street/Logan Circle submarket of Washington, DC.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,780 SF
Building Class
B
Year Built/Renovated
1910/2022
Price
$2,545,000
Price Per SF
$1,430
Cap Rate
7.52%
NOI
$191,364
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.04 AC
Zoning
ARTS-3
Frontage
19 FT on 14th St NW
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Biker's Paradise (99)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0238-0849 | Improvements Assessment | $608,700 |
Land Assessment | $606,020 | Total Assessment | $1,214,720 |
PROPERTY TAXES
Parcel Number
0238-0849
Land Assessment
$606,020
Improvements Assessment
$608,700
Total Assessment
$1,214,720
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Two Tenant NNN Investment Near Logan Circle | 1807 14th St NW
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