4909 Wisconsin Ave NW
Washington, DC 20016
Retail Property For Sale

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 4909 Wisconsin Avenue NW in the Friendship Heights neighborhood of Washington, D.C. This offering represents a rare opportunity to acquire a net-leased retail asset in an affluent Washington D.C. neighborhood with significant lease term and a tenant that has proven track record of success. The subject property has been leased to Cafe of India (www.cafeofindiadc.com) since 2009. The current lease expires after 2029 and includes two five-year options to extend. The tenant is responsible for real estate taxes, insurance, utilities, and interior maintenance, almost all of which are paid directly, allowing for easy management by even the most inexperienced investor. With 12 years remaining on the current lease term alone and attractive three percent annual increases, a savvy investor can take a passive position as this extremely low-velocity submarket continues to mature around the asset. 4909 Wisconsin Avenue NW is comprised of a 3,200-square-foot, two-story, retail building with a 1,325-square-foot unfinished sublevel. The subject property is located on a corner lot which is 2,520 square feet. The building is in very good condition, fully sprinklered, and all systems are in good working order. The roof was installed in 2009 and a new gutter system was added in 2014. Friendship Heights is a bustling neighborhood situated along the border with Maryland in Northwest Washington, D.C. Known for it's high-end retail and shopping centers, Friendship Heights is also home to a slew of restaurants and offices. Wisconsin Avenue NW acts as the neighborhood's major retail corridor, carrying more that 28,000 vehicles per day.