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825-829 7th St NW
Washington, DC 20001
2-Tenant Mixed-Use Asset · Bureau Propriété À vendre
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Faits saillants de l'investissement
- 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
Résumé de l'annonce
• 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
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
15 623 pi²
Classe d’immeuble
B
Année de construction/rénovation
1999/2026
Prix
12 105 274 $ CAD
Prix par pi²
774,84 $ CAD
Taux de capitalisation
7%
Revenu net d’exploitation
847 823 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
5 208 pi²
Dalle à dalle
12’
Coefficient d’occupation des sols de l’immeuble
0,47
Taille du lot
0,76 AC
Zonage
D-5-R - Usage mixte
Commodités
- Restaurant
Impôts fonciers
| Numéro de lot | 0453-0029 | Évaluation des bâtiments | 1 586 216 $ CAD |
| Évaluation du terrain | 1 158 744 $ CAD | Évaluation totale | 2 744 960 $ CAD |
Impôts fonciers
Numéro de lot
0453-0029
Évaluation du terrain
1 158 744 $ CAD
Évaluation des bâtiments
1 586 216 $ CAD
Évaluation totale
2 744 960 $ CAD
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