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526-528 8th St SE 9,084 SF 100% Leased Retail Building Washington, DC 20003 $6,850,000 ($754.07/SF) 7.75% Cap Rate
Investment Highlights
- Extremely Rare Newer-Construction Multi-Tenant Investment Opportunity
- Tenants Include Jeni’s Splendid Ice Creams, Compliments Only, & Ginza BBQ Lounge
- Centrally Located Along Barracks Row | 3 Blocks from the Eastern Market Metrorail Station
- 100%-Leased to 3 Different Tenants | Stable Tenant Mix with 6.28 Years of WALT
- Newly Constructed by Ownership in 2020 | 3rd Level Includes a Partial Roof Deck
- Very Strong Demographics | Average HH Income of $183,531 within 1 Mile
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 526 8th Street SE, a four-level retail property that is 100% leased to three different tenants. The 9,234-square-foot building was constructed in 2020 in a submarket with very few new-construction opportunities. The tenant mix is highlighted by Jeni's Splendid Ice Creams, a nationally recognized ice cream parlor with more than 80 locations across the country. 526 8th Street SE is well positioned for long-term success, supported by a strong weighted average lease term of 6.28 years, convenient access to transit, and extremely strong surrounding demographics.
Property Facts
Sale Type
Investment
Property Type
Building Size
9,084 SF
Year Built
2020
Price
$6,850,000
Price Per SF
$754.07
Cap Rate
7.75%
NOI
$530,875
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.96
Lot Size
0.11 AC
Zoning
MU-4/CHC
Parking
2 Spaces (0.22 Spaces per 1,000 SF Leased)
Frontage
47’ on 8th Street SE
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0926-0059 | Improvements Assessment | $1,868,520 |
| Land Assessment | $1,342,040 | Total Assessment | $3,210,560 |
Property Taxes
Parcel Number
0926-0059
Land Assessment
$1,342,040
Improvements Assessment
$1,868,520
Total Assessment
$3,210,560
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