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3711 14th St NW - Dark 7-Eleven - Washington D.C. 3,000 SF Retail Condo Unit Offered at $2,124,000 in Washington, DC 20010
Investment Highlights
- 5+ Years Remaining | Recent Extension | Scheduled Rental Increases | Established Brand
- Ground Floor Retail Condo | Easy Ownership | Dense In-Fill Corridor
- Strong Demographics in 5-mile Trade Area | Direct Consumer Base
- NNN Lease | Fee Simple | Limited Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools & Medical Center
- Signalized, Hard Corner Intersection | Excellent Visibility
Executive Summary
• The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site • The tenant is currently dark, creating a compelling value-add opportunity through future retenanting or redevelopment • Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 5 |
| Cap Rate | 5.65% |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Parking Spaces | 5 |
Description
- Quincy at 14th is a 5-story condo building with 20 units above the 7-Eleven ground floor retail condo
- The NNN lease and condo ownership allows for easy management of a passive investment property
This location is just 3 blocks from the Georgia Ave Petworth Metro Station and within walking distance of the shopping dining and entertainment venues in the 14th Street Corridor
Sale Notes
- The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site
- The lease features a 10% rental increases at beginning of each option
Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 3,000 SF | Retail | $2,124,000 ($708.00/SF) | $120,000 |
Unit 1
| Unit Size |
| 3,000 SF |
| Condo Use |
| Retail |
| Price |
| $2,124,000 ($708.00/SF) |
| NOI |
| $120,000 |
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Unit 1
| Unit Size | 3,000 SF |
| Condo Use | Retail |
| Price | $2,124,000 ($708.00/SF) |
| NOI | $120,000 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| No. Parking Spaces | 5 |
| Description | |
| <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> Quincy at 14th is a 5-story condo building with 20 units above the 7-Eleven ground floor retail condo<br> </li><li> The NNN lease and condo ownership allows for easy management of a passive investment property<br> This location is just 3 blocks from the Georgia Ave Petworth Metro Station and within walking distance of the shopping dining and entertainment venues in the 14th Street Corridor</li></ul> | |
| Sale Notes | |
| <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site<br> </li><li> The lease features a 10% rental increases at beginning of each option<br> Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Corner Lot
Exceptionally walkable
100/100
Somewhat drivable
20/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3711 14th St NW - Dark 7-Eleven - Washington D.C.
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