1508 14TH STREET

1115 H ST NE, WASHINGTON, DC
  • Property Use: Retail
  • Project Type: Urban Retail Acquisitions Program
  • Size: 7,700 SF
  • Status: Fully Leased | Offered For Sale

Offered for sale is a Chipotle anchored 7,700 square foot three-story net-leased core urban retail property addressed
1508 14th Street, Washington, DC 20005. Four tenants occupy the property: Hidden Gym occupies the lower level
(1,900 SF), Chipotle occupies the ground floor (2,000 SF), nailsalon occupies the second floor (1,900 SF) and Flow
Yoga occupies the third floor (1,900 SF). All leases are NNN and inclusive of rental increases throughout all primary
terms and option periods. Chipotle just amended their lease, extending early for an additional 10-years. The offering
is a rare opportunity to acquire generational real estate, net-leased to a strong tenant-mix, prominently situated along
the 14th Street corridor in the highly coveted 14th Street/Logan Circle submarket of Washington, DC.

Property Highlights.

  • 7,700 square foot retail property
  • Core urban location – close proximity to top performing Whole Foods
  • 14th Street Corridor/Logan Circle is one of the most sought-after submarkets in the District
  • $138,000 Average Household Income
  • 14.3M SF Residential Development Under Construction

Demographics & Market Stats.

  • 108,000 Residents
  • 121,000 Daytime Employees
  • 12% Population Growth Through 2022
  • $138,000 Average Household Income
  • 14.3M SF Residential Development Under Construction
  • 5M+ SF Retail

Offered for Sale.

LIST PRICE: $8,185,000 | CAP RATE: 5.00%

For More Information.

Danny Brooker
202.772.0530 | dbrooker@monumentretail.com

Rich Sillery
202.777.2005 | rsillery@monumentretail.com

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