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1610 U St NW
Washington, DC 20009
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • • Approximately 7 years remaining in the initial term with 1 (7-year) option period to extend | 3% annual rental increases throughout the initial term
  • • Strategically located near a signalized, hard corner intersection along 16th St NW, a major north/west commuter thoroughfare (23,900 VPD)
  • • Nearby national/credit tenants including Safeway, CVS Pharmacy, Office Depot, Rite-Aid, Trader Joe’s, 7-Eleven, and more
  • • Recently renovated in 2018
  • • Ideally positioned along the U Street Corridor
  • • Supported by more than 793,000 residents and 774,500 employees in the 5-mile trade area | AHHI $145,000 in 1-mile radius

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,255 SF
Building Class
C
Year Built/Renovated
1911/2018
Building Height
2 Stories
Building FAR
1.63
Lot Size
0.06 AC
Zoning
MU-4

ABOUT 1610 U ST NW , WASHINGTON, DC 20009

Exiles Bar is strategically located near a signalized, hard corner intersection along 16th St NW, a major north/west commuter thoroughfare traveling throughout Washington, D.C., averaging 23,900 vehicles passing by daily. The site benefits from excellent visibility along U St NW through a large blade sign, as well as easy access along 16th St NW via signalized, hard corner intersection directly next to its main point of ingress/egress. The asset is within close proximity to 14th Street and 18th Street, two highly desirable corridor’s that have transformed into a stylish and young area with a variety of restaurants, national-brand shops, and bars. Additionally, the subject property is ideally positioned along the U Street Corridor, centrally located between the Dupont, Adams Morgan, and Shaw/Logan neighborhoods. Exiles Bar is in the center of a primary retail corridor with nearby national/credit tenants including Safeway, CVS Pharmacy, Office Depot, Rite-Aid, Trader Joe’s, 7-Eleven, and more, increasing exposure and crossover synergy for the store. Moreover, Howard University (6,200 students) is located less than one mile east of the property, providing the store with a direct consumer base from which to draw. The 5-mile trade area is supported by an extremely dense population of more than 793,000 residents and 774,500 employees. Residents within a 1-mile radius boast an impressive average household income of $145,000.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0176-0027
Land Assessment
$1,064,510
Improvements Assessment
$2,711,090
Total Assessment
$3,775,600
  • Listing ID: 18663891

  • Date on Market: 2/27/2020

  • Last Updated:

  • Address: 1610 U St NW, Washington, DC 20009

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