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Revolt DC 1359 U St NW 2,100 SF Retail Building Washington, DC 20009 $2,542,713 CAD ($1,210.82 CAD/SF) 8.64% Cap Rate
Investment Highlights
- Single Tenant | Scheduled Rental Increases | Exceptional Underlying Real Estate
- Strongest Market in D.C. | Dense Demographics in 5-mile Trade Area | Six Figure Incomes
- U Street Metro Station | Sonnet Apartments | Direct Residential Consumer Base
- NNN Lease | Fee Simple Ownership
- Signalized, Hard Corner Intersection | Street Level Retail | Extremely Strong Trade Area | Excellent Visibility
Executive Summary
• 100% leased to Hush/SLIDE DC Nightclub for 10 years
• Tenant has one 5-year option to extend with fixed rental rate increases through the option term
• Excellent long-term viability in the underlying real estate with a replaceable rental rate
• Tenant occupies the entirety of the three-story building
• Tenant has one 5-year option to extend with fixed rental rate increases through the option term
• Excellent long-term viability in the underlying real estate with a replaceable rental rate
• Tenant occupies the entirety of the three-story building
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1905/2024
Price
$2,542,713 CAD
Price Per SF
$1,210.82 CAD
Cap Rate
8.64%
NOI
$219,658 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.10
Lot Size
0.02 AC
Zoning
ARTS-4
Frontage
40’ on U St
Amenities
- Signage
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 0237-0207 | Improvements Assessment | $1,915,627 CAD |
| Land Assessment | $1,396,295 CAD | Total Assessment | $3,311,922 CAD |
Property Taxes
Parcel Number
0237-0207
Land Assessment
$1,396,295 CAD
Improvements Assessment
$1,915,627 CAD
Total Assessment
$3,311,922 CAD
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Revolt DC | 1359 U St NW
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