1299 1st St SE - Storefront Retail/Office FOR SALE


Washington, DC 20003
$23,175,000 USD
202-777-2005
1299 1st St SE, Washington, DC for Sale
$23,175,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 5.5% Cap Rate

1299 1st St SE
Washington, DC 20003


HIGHLIGHTS

  • 100% occupied multi-tenant trophy real estate situated in one of the most coveted markets in the country
  • Located directly across from Nationals Park (Home to The Washington Nationals) offering unapparelled visibility in one of DC’s most coveted submarkets
  • All tenant leases are NNN with increases throughout primary terms and option periods - offering a management free, fully stabilized asset
  • The ground floor is occupied by TD Bank – investment grade credit with $436 billion in total assets and 1,100+ locations nationwide
  • Population of 280,866 within a three-mile radius of the property; average household income of $145,220 within a one-mile radius of the property
  • Ideal for a 1031 exchange buyer seeking generational real estate that offers true passive income

OVERVIEW

Offered for sale is a 100% net-leased, 12,325 square foot, multi-tenant retail property located at 1299 1st Street SE, Washington, DC. Built in 2021, this exceptional core urban asset is located directly across from Nationals Park, home of the Washington Nationals, offering unparalleled visibility in one of DC’s most desirable submarkets. Within a year of its completion, the property secured leases with four prominent retail tenants and a national signage company, all benefiting from the millions of visitors attending events at Nationals Park and Audi Field annually. As a result, tenants at 1299 1st St SE enjoy extremely high consumer foot traffic in one of the city’s busiest and most robust areas. This investment is a rare opportunity to acquire generational real estate with stable, management-free cash flow from a strong tenant mix in one of Washington, DC’s fastest-growing and most vibrant neighborhoods.

FOR SALE DETAILS

PRICE

$23,175,000 USD

PRICE/SF

$1,880 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

0701-0169

ASK ABOUT THIS PROPERTY

Rich SilleryMonument Realty LLCMore Info
202-777-2005

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Rich SilleryMonument Realty LLCMore Info
202-777-2005

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