For Sale
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1336 U StWashington, DC 20009

High-end bar/restaurant, 10-year lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional, fully occupied, 6,000 square foot Class A retail building is located at 1336 U St NW, Washington, DC 20009. Situated in the vibrant U Street Corridor, this fee-simple property boasts a new 10-year lease (through May 2034) with a high-quality tenant, Highlight Kitchen & Lounge. The lease includes annual rent increases of 3.0%. The building, originally constructed in 1905 and extensively renovated in 2024, features four floors plus a basement, and a glass-enclosed rooftop. Recent renovations included a complete interior build-out, upgraded security systems (including cameras), a new sound system, and comprehensive WiFi cabling. The property is zoned ARTS-1 and sits on a 1,800 square foot lot. The tenant is responsible for expense pass-throughs, minimizing landlord responsibilities. This prime location benefits from excellent proximity to the Metro and a dense population of high-income residents (33,000 residents within a 0.5-mile radius, averaging $221,000 in annual household income). This is a Core+ investment opportunity with significant upside potential. The single-tenant, NNN lease structure provides a stable and predictable income stream. This is a rare opportunity to acquire a turn-key, high-performing asset in one of Washington, D.C.'s most desirable retail locations.

Highlights

  • New 10-year NNN lease with annual rent increases, secured by experienced operators.
  • Four-story building plus basement, featuring a glass-enclosed rooftop.
  • Recently renovated interior, including new security, sound, and WiFi systems.
  • Minimal landlord responsibilities due to tenant-paid expenses.
  • Prime location in a vibrant submarket near the 14th Street Corridor and Metro.

Property Details for 1336 U St

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Class
A
Year Built/Renovated
1905/2024
Units
1

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.916995981641
Longitude
-77.031164564318
1336 U St, Washington, District of Columbia

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1336 U St
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