• New 10 year Taco Bell of America Corporate signed lease with 2 (5-year) options to extend • The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and providing a hedge against inflation • The asset features brand new ground up construction and 2,100 SF of street level retail • Tenant reimburses for taxes, insurance, and CAM which includes property management • Ideal, low-management investment for a passive investor • 99% of the acquisition price is a depreciable asset • Capitol Hill is known as the Federal Government’s Commercial District with an abundance of shops, eateries, federal institutions, and more • The neighborhood averages a daytime population of 75,900+ • There is currently 1.1 million SF of existing office space • Strategically located along 8th Street Southeast, an arterial thoroughfare that supports over 14,000 vehicles per day • The property is ideally situated near many national/credit tenants, office complexes, museums, and additional tourist attractions, providing a direct consumer base • The U.S. Capitol, White House, Downtown, and Lincoln Memorial, and more are all within walking distance to the subject • The property is less than one mile away from Eastern Market, D.C.’s oldest market that attracts 500,000 annual visitors • The 5-mile trade area from the subject is supported by over 762,000 residents and 909,000 daytime employees • $211,989 average household income within a 1-mile radius