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2-Tenant Mixed-Use Asset 825-829 7th St NW 15,623 SF 100% Leased Office Building Washington, DC 20001 $8,820,000 ($564.55/SF) 7% Cap Rate
Investment Highlights
- 2-Tenant Streetfront Asset | WALT - 9.7 Years | Net Leases |Scheduled 2.5% - 3% Annual Rent Increases | Options to Extend
- Walter E. Washington Convention Center (42,000 Seats) | Nearby Metro Stations (Gallery Place & Mt. Vernon Triangle)
- Located Along 7th Street NW | Heart of Chinatown | Positioned 2 Blocks From Capital One Arena (20,000 Seats)
- Affluent Consumer Base | Strong Demographics
Executive Summary
• The property totals 15,623 SF and is 100% leased to two tenants, offering a complementary mix of necessity-based and experiential uses in the heart of Chinatown and Downtown Washington, D.C.
• The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams
• With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026
• Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor
• Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement
• The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams
• With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026
• Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor
• Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,623 SF
Building Class
B
Year Built/Renovated
1895/2026
Price
$8,820,000
Price Per SF
$564.55
Cap Rate
7%
NOI
$617,731
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,208 SF
Slab To Slab
12’
Building FAR
2.99
Lot Size
0.12 AC
Zoning
D-5-R - The purposes of the D-5-R zone are to promote high-density residential development through housing requirements and incentives in areas near Mount Ver
Amenities
- Restaurant
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Chili Bistro opened in 2006 in Washington DC's Chinatown neighborhood, bringing together diverse Asian flavors. The restaurant serves Chinese, Japanese, Korean, and Sichuan dishes alongside signature seafood boils. Its menu balances traditional recipes with modern creations. The family-friendly establishment provides takeout and delivery options through various platforms. While originally located at 825 7th St NW, the business expanded to other DC locations while maintaining its Chinatown flagship. Chili Bistro has become known for its wide array of Asian cuisine in a welcoming atmosphere.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,280,950 | |
| Land Assessment | $2,219,050 | Total Assessment | $6,500,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,219,050
Improvements Assessment
$4,280,950
Total Assessment
$6,500,000
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