700 H StWashington, DC 20002

This exceptional investment opportunity presents a fee-simple ownership of a 17,356 square foot Nike flagship store located at 700 H St NE, Washington, DC 20002. The property, built in 2022 and situated on a 0.19-acre lot, boasts a strong 100% occupancy rate with a Net Lease (NN) agreement in place. The current lease, commencing February 16, 2023, and expiring February 28, 2028, offers a remaining term of approximately 3.3 years, with two 5-year renewal options. The annual rent includes a 2% increase, ensuring consistent income growth. The property's Net Operating Income (NOI) is $668,116, resulting in a 4.61% cap rate. The asking price is $14,500,000, translating to a price per square foot of $835.45. This represents a rare opportunity to acquire a freestanding, single-tenant Nike store in a highly desirable location on the revitalized H Street corridor, known for its phenomenal demographics. The tenant, Nike (NYSE: NKE), holds an AA- rating from S&P, providing a strong corporate guarantee. The building underwent a full refurbishment in 2022.