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Revolt DC 1359 U St NW 2,100 SF Retail Building Washington, DC 20009 $1,925,000 ($916.67/SF) 8.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant | Scheduled Rental Increases | Exceptional Underlying Real Estate
- Strongest Market in D.C. | Dense Demographics in 5-mile Trade Area | Six Figure Incomes
- U Street Metro Station | Sonnet Apartments | Direct Residential Consumer Base
- NNN Lease | Fee Simple Ownership
- Signalized, Hard Corner Intersection | Street Level Retail | Extremely Strong Trade Area | Excellent Visibility
EXECUTIVE SUMMARY
• 100% leased to Hush Nightclub for 10 years
• Tenant has one 5-year option to extend with fixed rental rate increases through the option term
• Excellent long-term viability in the underlying real estate with a replaceable rental rate
• Tenant occupies the entirety of the three-story building
• Tenant has one 5-year option to extend with fixed rental rate increases through the option term
• Excellent long-term viability in the underlying real estate with a replaceable rental rate
• Tenant occupies the entirety of the three-story building
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1905/2024
Price
$1,925,000
Price Per SF
$916.67
Cap Rate
8.35%
NOI
$160,680
Tenancy
Single
Building Height
3 Stories
Building FAR
2.10
Lot Size
0.02 AC
Zoning
ARTS-4
Frontage
40’ on U St
AMENITIES
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 0237-0207 | Improvements Assessment | $1,412,600 |
| Land Assessment | $1,029,640 | Total Assessment | $2,442,240 |
PROPERTY TAXES
Parcel Number
0237-0207
Land Assessment
$1,029,640
Improvements Assessment
$1,412,600
Total Assessment
$2,442,240
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Revolt DC | 1359 U St NW
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