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4009 34th St
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4009 34th St
2,295 SF Retail Building Mount Rainier, MD 20712 £497,057 (£217/SF) 7% Net Initial Yield
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EXECUTIVE SUMMARY
Congressional Commercial, LLC (“CC”) is pleased to present 4009 34th Street, Mount Rainier MD 20743 (the “Property”). Located within the historic Mount Rainier Town Center – known for it’s walkable shops, vibrant arts, and historic neighborhoods, the property measures approximately 2,300 square feet on two levels, with a first-floor dining area and open kitchen/grille as well as a fully operational lower level that includes an office, 1/2 bath, built-in refrigeration and triple sink and additional freezer space. Recently triple net leased to a fast-casual restaurant, Bro's J., through 2029, the Property is fully code compliant with City and County code and the occupant/tenant possesses all those valid use and occupancy permits as well as food endorsements. This is a leased investment with the occupant's commercial lease running through 2029, with annual escalations and minimal ongoing responsibility for a new owner, except maintenance of the roof and structural components of the Property. The building is served with 3-phase power, natural gas and municipal water and sewer. The updated kitchen features a new hood and exhaust system, grease trap, and multiple triple and hand sinks as well as one 1/2 bath on each level. Vintage 1930’s tin ceilings on the main level and original skylight and bay windows provide great light. Zoning is L-MUTC, which permits a wide variety of commercial uses. The property is located off of Rhode Island Avenue and proximate to retailers, restaurants, City Hall, bu stops, and close to the MD / DC line at Eastern Avenue. The local area is serviced by WMATA Metro Bus lines with access to Metro’s Green Line.
PROPERTY FACTS In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,295 SF
Building Class
C
Year Built
1937
Price
£497,057
Price Per SF
£217
Net Initial Yield
7%
NOI
£34,794
Tenancy
Single
Number of Floors
2
Building FAR
1.05
Lot Size
0.05 AC
Zoning
LMUTC - LUMLegacy Mixed-Use Town Center: https://www.pgplanning.org/3351/Mount-Rainier-LMUTC
Frontage
25 ft on 4009 34th Street
AMENITIES
- Bus Route
- Restaurant
- Signage
- Tenant Controlled HVAC
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 17-1919133 | Improvements Assessment | £128,758 |
Land Assessment | £109,830 | Total Assessment | £238,588 |
PROPERTY TAXES
Parcel Number
17-1919133
Land Assessment
£109,830
Improvements Assessment
£128,758
Total Assessment
£238,588
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4009 34th St
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