Property Details

1011 M Street NW Restaurant

Washington, DC
Property ID: 5297

Financial Summary

Asking Price $3,717,818
Cap Rate 5.50%
Net Operating Income (NOI) $204,480
Lease Type NNN
The Offering Memorandum for this property is no longer available.

Contact

Rick Fernandez
Senior Managing Director
703.787.4732
Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Full-service restaurant from the team responsible for opening several of José Andrés’ restaurants (Jaleo, Zaytinya, Oyamel, Minibar)
  • Rare Logan Circle retail property
  • Potential outdoor sidewalk café area
  • 3% annual increases starting at end of year 3
  • Letter of credit in the amount of the next succeeding lease year’s base annual rent
  • Tenant responsible for their own build-out, landlord delivering retail shell

Location

1011 M St NW
Washington, DC

Traci Bidinger1011 M Street NW Restaurant