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3711 14th St NW - 7-Eleven - Washington D.C. 3,000 SF Retail Condo Unit Offered at $2,924,281 CAD in Washington, DC 20010
INVESTMENT HIGHLIGHTS
- 5+ Years Remaining | Recent Extension | Scheduled Rental Increases | Established Brand
- Ground Floor Retail Condo | Easy Ownership | Dense In-Fill Corridor
- Strong Demographics in 5-mile Trade Area | Direct Consumer Base
- NNN Lease | Fee Simple | Limited Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools & Medical Center
- Signalized, Hard Corner Intersection | Excellent Visibility
EXECUTIVE SUMMARY
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Target, McDonald’s, Ross, Old Navy, Burlington, and many more • Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site • The asset is in close proximity to Catholic University of America (3,177 students), MedStar Washington Hospital Center (912 beds), and Washington VA Medical Center (164 beds), further increasing consumer traffic to the site
PROPERTY FACTS
AMENITIES
- Corner Lot
1 UNIT AVAILABLE
Unit N/A
| Unit Size | 3,000 SF | Sale Type | Investment |
| Price | $2,924,281 CAD | Cap Rate | 5.65% |
| Price Per SF | $974.76 CAD | NOI | $165,213.60 CAD |
| Condo Use | Retail | No. Parking Spaces | 5 |
| Unit Size | 3,000 SF |
| Price | $2,924,281 CAD |
| Price Per SF | $974.76 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| NOI | $165,213.60 CAD |
| No. Parking Spaces | 5 |
DESCRIPTION
- Quincy at 14th is a 5-story condo building with 20 units above the 7-Eleven ground floor retail condo
- The NNN lease and condo ownership allows for easy management of a passive investment property
This location is just 3 blocks from the Georgia Ave Petworth Metro Station and within walking distance of the shopping dining and entertainment venues in the 14th Street Corridor
SALE NOTES
- The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site
- The lease features a 10% rental increases at beginning of each option
Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
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3711 14th St NW - 7-Eleven - Washington D.C.
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