Ontario 17

Property Use: Retail
Project Type: Urban Retail Acquisition Program
Size: 9,160 SF
Status: Fully Leased | Sold

Prominently located in the heart of Adams Morgan, this multi-tenant retail condominium is well positioned in one of Washington, DC’s most coveted and transformative submarkets. The property is ideally positioned beneath 80 residential units and engulfed by surrounding developments that include: Lanier Heights (65 planned units), Scottish Rite Temple (150 planned units), Italian Embassy (134 units), Reed Row (132 units) and the SunTrust Building (52 planned units), among others. The explosion of development continues to contribute to the neighborhood’s retail revival, with acclaimed restaurants such as Federalist Pig, Tail Up Goat, Brothers and Sisters, A Rake’s Progress, Lucky Buns and Jack Rose, among others having joined the likes of national retailers, Harris Teeter, Safeway, CVS Pharmacy, McDonald’s, Starbucks, 7-Eleven, FedEx, PNC, BB&T and Wells Fargo.

Offered for sale is a 100% net-leased 9,160 square foot street level retail condominium, located in the highly-desired Adams Morgan submarket of Washington, DC. The condominium is fully leased to three separate tenants: Ace Hardware, Banfield Pet Hospital and [solidcore]. The Banfield Pet Hospital lease is guaranteed by a subsidiary of Mars, Inc, the sixth largest private company in the United States. The offering represents a rare opportunity to acquire newly constructed, core urban retail with a superior tenant-mix, ideally positioned in one of Washington, DC’s liveliest neighborhoods.