701-709 Kennedy St NW 5,627 SF 100% Leased Retail Building Washington, DC 20011 £1,264,873 (£224.79/SF)
INVESTMENT HIGHLIGHTS
- Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
- The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
- Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
- Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
- With the exception of unit 701, all tenants have been in place for five years or greater
- Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)
EXECUTIVE SUMMARY
100% Occupied w/ 5 Retail Bays
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,627 SF
Building Class
B
Year Built
1927
Price
£1,264,873
Price Per SF
£224.79
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Opportunity Zone
Yes
Zoning
MU-4
Frontage
103 ft on Kennedy St
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3153-0827 | Improvements Assessment | £467,835 |
| Land Assessment | £126,004 | Total Assessment | £593,839 |
