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1238 H St NE

1,856 SF 100% Leased Retail Building Washington, DC 20002 £994,115 (£536/SF) 6.83% Net Initial Yield

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
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,856 SF
Building Class
C
Year Built
1900
Price
£994,115
Price Per SF
£536
Net Initial Yield
6.83%
NOI
£67,898
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.72
Lot Size
0.02 AC
Zoning
NMU-4/H-A
Frontage
17 ft on H St

LINKS

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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

Parcel Number 1003-0803 Improvements Assessment £339,637
Land Assessment £171,735 Total Assessment £511,373

PROPERTY TAXES

Parcel Number
1003-0803
Land Assessment
£171,735
Improvements Assessment
£339,637
Total Assessment
£511,373
(202) 318-6800

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

1/4

Adam Costanzo

(202) 318-6800

(202) 318-6800

Ian Ruel

(202) 318-6800

(202) 318-6800

Josh Feldman

(202) 318-6800

(202) 318-6800

Brandon Cardwell

(202) 318-6800

(202) 318-6800

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