Property Details

CVS Pharmacy

Washington, DC
Property ID: 10701

Financial Summary

Asking Price $17,530,920
Cap Rate 5.00%
Net Operating Income (NOI) $876,546
Lease Type NNN
Lease Term Remaining 9+ Years
Increases 3% or CPI Annually

Offering Memorandum


Rick Fernandez
Senior Managing Director
Jonathan W. Hipp
President & CEO

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  • 39 Year operating history
  • Continuous operation since the 1950s
  • 3% Minimum annual increases
  • Irreplaceable urban real estate
  • Nearly 9,000 square feet of prime retail space
  • Highly adaptable urban street level retail
  • Affluent demographics
  • One block from Cleveland Park Metro stop (3,525 daily riders)
  • 41,436 Average daily traffic passing along Connecticut Avenue in front of the property

Net Lease Advisor

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3323, 3325-29 Connecticut Ave NW
Washington, DC

Leigh ClineCVS Pharmacy