1807 14th St NW - Storefront FOR SALE


Washington, DC 20009
$2,545,000 USD
202-777-2005
1807 14th St NW, Washington, DC for Sale
$2,545,000 USD
Storefront - FOR SALE
1/14
null | 7.52% Cap Rate

1807 14th St NW
Washington, DC 20009


HIGHLIGHTS

  • Multi-tenant NNN investment opportunity located near both DuPont Circle and Logan Circle.
  • Robust surrounding developments taking place – 460+ nearby residential units expected to deliver in 2022.
  • 1807 14th St NW is exposed to heavy pedestrian traffic in one of DC’s most popular retail destinations.
  • Long-term NNN leases with annual rental increases.
  • 14th Street/Logan Circle is one of the most sought-after submarkets in Washington, DC.
  • Average household income in excess of $148,000 within a one-mile radius of the property.

OVERVIEW

Offered for sale is a 1,780 square foot urban retail property addressed 1807 14th Street NW, Washington, DC 20009. The property is occupied by two-tenants; both having recently signed leases, Amazon occupies the ground floor (1,060sf) and Yerba Buena occupies the second floor (720sf with a 340sf outdoor roof deck). The property is ideally positioned in the heart of the 14th Street corridor, one of DC’s most dominant retail corridors exploding with new development and national tenants such as Trader Joe’s, Whole Foods, West Elm, Room & Board, McDonald’s, Chipotle, Capital One, Wells Fargo, lulelemon and many more. The offering represents a rare opportunity to acquire generational real estate anchored by investment grade credit tenant Amazon; prominently situated in the highly coveted 14th Street/Logan Circle submarket of Washington, DC.

FOR SALE DETAILS

PRICE

$2,545,000 USD

PRICE/SF

$1,430 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two Tenant NNN Investment Near Logan Circle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

ARTS-3

APN/PARCEL ID

0238-0849

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.