1508 14th St NW | Washington, DC 20005
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- LoopNet Team
1508 14th St NW
Washington, DC 20005
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupied trophy real estate along the 14th Street corridor - one of the most coveted markets in the country
- Anchored by Chipotle; corporate guarantee – responsible for 41% of the overall income - Chipotle extended early (11+ years of primary term)
- Average household income of $147,248 within a one-mile radius of the property
- NNN leases: Hidden Gym, Chipotle, nailsaloon, Flow Yoga - rental increases throughout primary and option terms – 3% annually or 10% every five-years
- Nailsaloon just extended early, adding an additional 10-years of primary term and two five-year options
- $1.8B in total specified consumer spending within a one-mile radius of the property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,036 SF
Building Class
B
Year Built
1890
Percent Leased
78%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.46
Lot Size
0.06 AC
Zoning
ARTS-3 - permit medium-density, mixed-use development, with a focus on employment.
Frontage
26’ on 14th St NW
PROPERTY TAXES
| Parcel Number | 0209-0070 | Improvements Assessment | $2,745,830 |
| Land Assessment | $1,229,810 | Total Assessment | $3,975,640 |
PROPERTY TAXES
Parcel Number
0209-0070
Land Assessment
$1,229,810
Improvements Assessment
$2,745,830
Total Assessment
$3,975,640
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