Property Details

1539 7th Street NW (Retail)

Washington, DC
Property ID: 6952

Financial Summary

Asking Price $2,375,000
Cap Rate 5.80%
Net Operating Income (NOI) $137,917
Lease Type NN
Lease Term Remaining 8+ Years
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

  • Long term income growth potential
  • 3% annual rent increases
  • Roof deck renovation underway
  • Personal guarantee of the lease by all partners
  • Tavern license - no restrictions
  • $128,755 average household income within one mile of property
  • Two metro stops within a half-mile - combined 8,300 weekday daily riders
  • One mile population of 89,091
  • 65% of the one mile population has a college degree or higher
  • Howard University, located half a mile away, with more than 10,400 undergraduate students and 1,064 staff and faculty

Location

1539 7th Street NW
Washington, DC

Traci Bidinger1539 7th Street NW (Retail)