1238 H St NE - Restaurant FOR SALE


Washington, DC 20002- H Street
$1,250,000 USD
202-318-6800
1238 H St NE, Washington, DC for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/7
null | 6.83% Cap Rate

1238 H St NE
Washington, DC 20002
H Street


HIGHLIGHTS

  • • 100% Leased to Granville Moore’s Brickyard
  • • Strong Tenant History | Over 16 Years of Occupancy by the Existing Tenant
  • • NNN Lease Structure | No Landlord Responsibilities Including Roof & Structure
  • • NMU-4 Zoning | 3.0 FAR + Penthouse Bonus Allows for Additional Density
  • • Over 2 Million Square Feet of Commercial Space & 4,400 Multifamily Units in Development Nearby

OVERVIEW

Feldman Ruel is pleased to offer for sale 1238 H St NE, a single-tenant, net-leased retail asset situated along the heavily trafficked H Street Corridor. Granville Moore's, a neighborhood tavern serving up a Belgian-inspired menu, occupies the entire property and has operated at this location since 2008. The lease is landlord friendly with a NNN lease structure and annual increases equal to the greater of 3% or the percentage increase in CPI.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$673 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

1,080 SF

ZONING

NMU-4/H-A

APN/PARCEL ID

1003-0803

ASK ABOUT THIS PROPERTY

Adam CostanzoFeldman RuelMore Info
202-318-6800

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Adam CostanzoFeldman RuelMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.