701-709 Kennedy St NW - Storefront FOR SALE
Washington, DC 20011 |
$1,650,000 USD
202-869-1743
701-709 Kennedy St NW
Washington, DC 20011
HIGHLIGHTS
- Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
- Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
- The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
- With the exception of unit 701, all tenants have been in place for five years or greater
- Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
- Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$293 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Convenience Store, Restaurant, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1927
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
MU-4
APN/PARCEL ID
3153-0000-0827
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202-869-1743
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202-869-1743
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