Log In/Sign Up
Your email has been sent.
825-829 7th St NW
Washington, DC 20001
2-Tenant Mixed-Use Asset · Office Property For Sale
Investment Highlights
- 2-Tenant Streetfront Asset | WALT - 9.7 Years | Net Leases |Scheduled 2.5% - 3% Annual Rent Increases | Options to Extend
- Walter E. Washington Convention Center (42,000 Seats) | Nearby Metro Stations (Gallery Place & Mt. Vernon Triangle)
- Located Along 7th Street NW | Heart of Chinatown | Positioned 2 Blocks From Capital One Arena (20,000 Seats)
- Affluent Consumer Base | Strong Demographics
Executive Summary
• The property totals 15,623 SF and is 100% leased to two tenants, offering a complementary mix of necessity-based and experiential uses in the heart of Chinatown and Downtown Washington, D.C.
• The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams
• With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026
• Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor
• Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement
• The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams
• With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026
• Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor
• Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,623 SF
Building Class
B
Year Built/Renovated
1999/2026
Price
$12,105,274 CAD
Price Per SF
$774.84 CAD
Cap Rate
7%
NOI
$847,823 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,208 SF
Slab To Slab
12’
Building FAR
0.47
Lot Size
0.76 AC
Zoning
D-5-R - The purposes of the D-5-R zone are to promote high-density residential development through housing requirements and incentives in areas near Mount Ver
Amenities
- Restaurant
Property Taxes
| Parcel Number | 0453-0029 | Improvements Assessment | $1,586,216 CAD |
| Land Assessment | $1,158,744 CAD | Total Assessment | $2,744,960 CAD |
Property Taxes
Parcel Number
0453-0029
Land Assessment
$1,158,744 CAD
Improvements Assessment
$1,586,216 CAD
Total Assessment
$2,744,960 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
