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- LoopNet Team
916 G St NW
Washington, DC 20001
Downtown Fully NNN Leased 6,000 SF Retail · Multifamily Property For Sale
·
50 Units
Investment Highlights
- New 10-Year NNNLease | Personally Guaranteed |
- Located in DC’s Thriving Downtown
- Absolute NNN Lease
- Annual 3% Rental Increases
Property Facts
| No. Units | 50 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 50,490 SF |
| Property Subtype | Apartment | No. Stories | 10 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | C4 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 50,490 SF |
| No. Stories | 10 |
| Year Built | 2020 |
| Zoning | C4 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Storage Space
- Elevator
- Smoke Detector
About 916 G ST NW , WASHINGTON, DC 20001
Offered for sale are the 3 retail condo units at 916 G Street NW in DC. The property is directly across the street from the MLK HQ Library and about 100 yards from the Cap One Center Metro Station. The new true NNN lease features three separate businesses ideally suited to downtown business and tourist traffic all operated by the same tenant. The tenants expect to open in the next 30 days. The daytime and tourist traffic in this section of Downtown is impressive and should bode well for the retail tenancy at 916G. Worktime Employees 83,087 (6 Block Ring of 916G) Visits (Last 12 Months) 9.3M (3 Block Ring of 916G) MLK DC Main Library (Fall 2020 Opening) https://www.dclibrary.org/mlkfuture Visitors to MLK Library 606,766 (2016 Data – Closed for remodeling in 2017) The square footage breakdown by each retail condo at 916 G is roughly as follows: Retail Condo Unit C-1 2,148sf Retail Condo Unit C-2 1,810sf Retail Condo Unit C-3 1,974sf
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,069,140 | |
| Land Assessment | $10,072,360 | Total Assessment | $34,141,500 |
Property Taxes
