1359 U St NW 2,400 SF Retail Building Washington, DC 20009 £1,582,938 (£659.56/SF) 7.60% Net Initial Yield
INVESTMENT HIGHLIGHTS
- New ten-year lease with annual rent increases backed by experienced operator with multiple locations in the corridor
- Tenant responsible for expense pass through providing minimal landlord responsibility
- Two-stories + mezzanine with building upgrades invested by new tenant
- Metro location
EXECUTIVE SUMMARY
1359 U St provides an investor the exciting opportunity to acquire a prime asset at the
intersection of the U and 14th Street Corridors in Washington DC. The asset is a ±2,100 SF
two-story + mezzanine building that has a new ten-year lease with Hashtag nightclub. Hashtag
is owned by an experienced operator who has several other successful bar/nightclub concepts
nearby on the U Street Corridor demonstrating his experience and profitability in the area.
Additionally, the lease has 3% annual base rent increases providing an investor steady and
increasing cash flow over time.
With an abundance of bars, restaurants, and residences, the U Street Corridor is a huge draw
for Washington DC’s young population due to its live-work-play environment. Further with its
proximity to U Street Metro Station, a 3-minute walk away, 1359 U Street is easily accessible
and commuter-friendly. 1359 U Street offers the chance for an owner/user or investor to acquire
a quality asset within a dense and vibrant neighborhood.
intersection of the U and 14th Street Corridors in Washington DC. The asset is a ±2,100 SF
two-story + mezzanine building that has a new ten-year lease with Hashtag nightclub. Hashtag
is owned by an experienced operator who has several other successful bar/nightclub concepts
nearby on the U Street Corridor demonstrating his experience and profitability in the area.
Additionally, the lease has 3% annual base rent increases providing an investor steady and
increasing cash flow over time.
With an abundance of bars, restaurants, and residences, the U Street Corridor is a huge draw
for Washington DC’s young population due to its live-work-play environment. Further with its
proximity to U Street Metro Station, a 3-minute walk away, 1359 U Street is easily accessible
and commuter-friendly. 1359 U Street offers the chance for an owner/user or investor to acquire
a quality asset within a dense and vibrant neighborhood.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1905/2025
Price
£1,582,938
Price Per SF
£659.56
Net Initial Yield
7.60%
NOI
£120,303
Tenancy
Single
Number of Floors
3
Building FAR
2.90
Lot Size
0.02 AC
Zoning
ARTS-4
Frontage
40 ft on U St
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (84)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 0236-0805 | Improvements Assessment | £591,845 |
| Land Assessment | £321,118 | Total Assessment | £912,963 |
