Pupatella Restaurant - Washington, D.C. | 301 Massachusetts Ave NE
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
thank you
Your email has been sent!
Pupatella Restaurant - Washington, D.C. 301 Massachusetts Ave NE
4,154 SF Retail Building Washington, DC 20002 $3,502,000 ($843/SF) 6.25% Cap Rate
Investment Highlights
- The Smithsonian Postal Museum, Senate Fountain, U.S. Capitol, Library of Congress, Capital One Arena, and more are all within walking distance
- The property is less than a mile from Eastern Market, D.C.’s oldest market that attracts 500,000 annual visitors
- The neighborhood averages a daytime population of 75,900+
- Strategically located at the hard corner intersection of Massachusetts Avenue and 3rd Street, averaging a combined 30,300 vehicles passing by daily
Executive Summary
• Recent lease extension signed extending the lease term through April 2034
• 9+ years remain on lease with an additional 2 (5-year) option periods to extend
• Features scheduled annual rental increases throughout the initial term
• Fee Simple fully depreciable asset
• Originating as a food cart in 2007, Pupatella has quickly become a household name for Neapolitan Pizza throughout the Washington, D.C. region
• There are currently 10 established Pupatella restaurants with an additional location opening in Maryland soon
• Strategically located at the hard corner intersection of Massachusetts Ave and 3rd St, averaging a combined 30,300 vehicles passing by daily
• The 5-mile trade area is supported by over 795,900 residents and 922,800 employees
• Residents within 1-mile boast an affluent AHHI of $197,911
• 9+ years remain on lease with an additional 2 (5-year) option periods to extend
• Features scheduled annual rental increases throughout the initial term
• Fee Simple fully depreciable asset
• Originating as a food cart in 2007, Pupatella has quickly become a household name for Neapolitan Pizza throughout the Washington, D.C. region
• There are currently 10 established Pupatella restaurants with an additional location opening in Maryland soon
• Strategically located at the hard corner intersection of Massachusetts Ave and 3rd St, averaging a combined 30,300 vehicles passing by daily
• The 5-mile trade area is supported by over 795,900 residents and 922,800 employees
• Residents within 1-mile boast an affluent AHHI of $197,911
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,154 SF
Building Class
C
Year Built/Renovated
1890/2024
Price
$3,502,000
Price Per SF
$843
Cap Rate
6.25%
NOI
$218,891
Tenancy
Single
Building Height
3 Stories
Building FAR
3.29
Lot Size
0.03 AC
Zoning
MU-26 - MU-4 / CAP / CHC:
Capitol Hill Commercial Mixed-Use Zone
Parking
2 Spaces (0.48 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (91)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0782-0020 | Improvements Assessment | $1,833,110 |
| Land Assessment | $401,740 | Total Assessment | $2,234,850 |
PROPERTY TAXES
Parcel Number
0782-0020
Land Assessment
$401,740
Improvements Assessment
$1,833,110
Total Assessment
$2,234,850
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Pupatella Restaurant - Washington, D.C. | 301 Massachusetts Ave NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.