1217 22nd St NW
Washington, DC 20037
Walgreens | Starbucks · Retail Property For Sale

Stan Johnson Company ("SJC) is pleased to offer a legacy piece of real estate that can be held from generation to generation. The offering consists of a two-tenant ground floor retail space in the Dupont Circle area of Washington D.C., only a few blocks from the White House. This type of real estate does not come for sale very often. The Property is 100% occupied by Walgreens and Starbucks, both investment grade tenants, paying under market rent. The offering is the first floor retail portion of a nine-story recently renovated Washington D.C. Marriott Hotel building. The hotel itself offers 470 rooms with 130,000 visitors annually with a recent investment of $28 million into upgrades. The Ritz Carlton (300 rooms and 82,000 annual visitors) and Hilton Garden Inn (238 rooms and 72,000 annual visitors) are immediately across the street, while the newly built Hyatt Place (168 rooms and 48,000 annual visitors) is immediately next door. These 4 hotels alone provide over 332,000 new customers annually who need coffee and convenience items. There are over 500,000 annual hotel visitors within a two-block radius.