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1238 H St NE 1,856 sq ft 100% Let Retail Property Washington, DC 20002 £739,610 (£398.50/sq ft) 8.30% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • • 100% Leased to Granville Moore’s Brickyard
  • • NNN Lease Structure | No Landlord Responsibilities Including Roof & Structure
  • • Over 2 Million Square Feet of Commercial Space & 4,400 Multifamily Units in Development Nearby
  • • Strong Tenant History | Over 16 Years of Occupancy by the Existing Tenant
  • • NMU-4 Zoning | 3.0 FAR + Penthouse Bonus Allows for Additional Density

EXECUTIVE 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.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Restaurant
Property Size
1,856 sq ft
Costar Property Class
C
Year Built
1900
Price
£739,610
Price per sq ft
£398.50
Yield
8.30%
NOI
£61,388
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.79
Total Plot Size
0.02 ac
Use Class
NMU-4/H-A - Neighborhood Mixed Use / High-density Apartment Zone
Frontage
15 ft on H St

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 928 sq ft
  • Restaurant
  • -
  • 30 Days

2nd Gen restaurant opportunity with full bar located in the H St Corridor known for its, restaurants, pop-ups, festivals and communal atmosphere. Offered @ $50/Sf NNN. Please call with questions or to request a tour.

  • 2nd Floor
  • 928 sq ft
  • Restaurant
  • -
  • 30 Days

2nd Gen restaurant opportunity with full bar located in the H St Corridor known for its, restaurants, pop-ups, festivals and communal atmosphere. Offered @ $50/Sf NNN. Please call with questions or to request a tour.

Space Size Space Use Position Available
1st Floor 928 sq ft Restaurant - 30 Days
2nd Floor 928 sq ft Restaurant - 30 Days

1st Floor

Size
928 sq ft
Space Use
Restaurant
Position
-
Available
30 Days

2nd Floor

Size
928 sq ft
Space Use
Restaurant
Position
-
Available
30 Days

1st Floor

Size 928 sq ft
Space Use Restaurant
Position -
Available 30 Days

2nd Gen restaurant opportunity with full bar located in the H St Corridor known for its, restaurants, pop-ups, festivals and communal atmosphere. Offered @ $50/Sf NNN. Please call with questions or to request a tour.

2nd Floor

Size 928 sq ft
Space Use Restaurant
Position -
Available 30 Days

2nd Gen restaurant opportunity with full bar located in the H St Corridor known for its, restaurants, pop-ups, festivals and communal atmosphere. Offered @ $50/Sf NNN. Please call with questions or to request a tour.

LINKS

1 1
Walk Score®
Excellent pedestrian access (96)
Transit Score®
Excellent Public Transport (71)
Bike Score®
Good for cycling (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Cross Fit DC
[Solidcore]
Starbucks
Safeway
Bank of America
PNC Bank
Chase Bank
Truist
America's Best Wings
Whole Foods

PROPERTY TAXES

Parcel Number 1003-0803 Improvements Assessment £403,846
Land Assessment £159,871 Total Assessment £563,717

PROPERTY TAXES

Parcel Number
1003-0803
Land Assessment
£159,871
Improvements Assessment
£403,846
Total Assessment
£563,717
(202) 318-6800

Still interested?

Contact the agents for more information about this property

CONTACTS

  • Listing ID: 34097500

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 1238 H St NE, Washington, DC 20002

The H Street Retail Property at 1238 H St NE, Washington, DC 20002 is currently available. Contact Feldman Ruel for more information.

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1238 H St NE
(202) 318-6800 x

1238 H St NE

Adam Costanzo
(202) 318-6800

Ian Ruel
(202) 318-6800

Josh Feldman
(202) 318-6800

Brandon Shure
(202) 318-6829

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