1238 H Street NE
Washington, D.C. 20002
The Offering
Summary
- List Price $1,250,000
- Product Type Retail/Restaurant
- GBA 1,856 SF
- Lot Size 1,080 SF
- Occupancy 100%
- Zoning NMU-4/H-A
- Cap Rate 6.83%
- Landlord Responsibilities None
Investment Summary
Feldman Ruel is pleased to offer for sale 1238 H St NE, a single-tenant, net-leased retail asset situated along the heavily trafficked H Street Corridor. Granville Moore's, a neighborhood tavern serving up a Belgian-inspired menu, occupies the entire property and has operated at this location since 2008. The lease is landlord friendly with a NNN lease structure and annual increases equal to the greater of 3% or the percentage increase in CPI.
Investment Highlights
• 100% Leased to Granville Moore’s Brickyard
• Strong Tenant History | Over 16 Years of Occupancy by the Existing Tenant
• NNN Lease Structure | No Landlord Responsibilities Including Roof & Structure
• NMU-4 Zoning | 3.0 FAR + Penthouse Bonus Allows for Additional Density
• Over 2 Million Square Feet of Commercial Space & 4,400 Multifamily Units in Development Nearby
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