Retail Space
1336 14th Street Northwest Washington, DC 20005
Details & Description
Price: $5,135,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, two-story, Jinya Ramen Bar investment property located in Washington DC. The tenant, Harvest Eats DC, LLC., recently amended their current lease to begin in October 2018 with a new 15-year initial term and 1 (5-year) option to extend, demonstrating their long-term commitment to the site. The lease features attractive 2.75% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NN in nature with limited landlord responsibilities of maintaining the roof & structure of the building, making it an ideal, low-management investment opportunity for a passive investor. The Tenant recently invested over $2M in the complete restoration and renovation of the building for their grand opening in 2017.
    Listing Agents
    Andrew Fallon

    O: 202-286-1542
    andrew.fallon@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1336 14th Street Northwest

    Washington, DC 20005

    Listing ID: 253545
    1336 14th Street Northwest Washington, DC 20005 | for Sale | Photo 1
    Building Size: 4,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $1,283.75
    Land $/SF:
    Price
    $5,135,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, two-story, Jinya Ramen Bar investment property located in Washington DC. The tenant, Harvest Eats DC, LLC., recently amended their current lease to begin in October 2018 with a new 15-year initial term and 1 (5-year) option to extend, demonstrating their long-term commitment to the site. The lease features attractive 2.75% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NN in nature with limited landlord responsibilities of maintaining the roof & structure of the building, making it an ideal, low-management investment opportunity for a passive investor. The Tenant recently invested over $2M in the complete restoration and renovation of the building for their grand opening in 2017.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Washington History of Retail Space for Sale

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    Washington Area Market Trends

    Listing Demographics for 1336 14th Street Northwest Washington, DC 20005

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population78,830388,937805,639
    Population Median Age373737
    Population by Age0-9 Yrs4627 (5%)31324 (8%)84882 (10%)
    10-19 Yrs3673 (4%)27945 (7%)69632 (8%)
    20-29 Yrs21856 (27%)98568 (25%)167340 (20%)
    30-39 Yrs22569 (28%)92937 (23%)168118 (20%)
    40-49 Yrs8985 (11%)43752 (11%)97802 (12%)
    50-59 Yrs7474 (9%)37064 (9%)85755 (10%)
    60-69 Yrs5156 (6%)29890 (7%)68359 (8%)
    70+ Yrs4490 (5%)27456 (7%)63753 (7%)
    Median HH Income$112,585$107,068$99,327
    Total Household Income< 24K5065 (12%)24750 (14%)52059 (15%)
    25-49K4254 (10%)17785 (10%)40491 (11%)
    50-74K4455 (10%)20226 (11%)42192 (12%)
    75-99K4612 (10%)19711 (11%)38602 (11%)
    100-199K14618 (34%)55145 (31%)102209 (29%)
    200K+9140 (21%)38181 (21%)69062 (20%)
    Highest Education LevelNo Diploma31652028648502
    Diploma or GED44512729376469
    Some College37572350762111
    Assoc. Degree949637316695
    Bachelors Degree2063389782164674
    Higher Degree30863124895218695
    Total Housing Units46,311195,038378,636
    --Owner-Occupied14,12368,391139,678
    --Renter-Occupied28,020107,407204,937
    Owner-Occupied Values< 100K2809692270
    100-199K17810032893
    200-299K713390910807
    300-399K1545772317439
    400-499K1930788617065
    500K+94784690189204
    Total Working Age Population72,942346,549685,045
    In Work Force58,914262,570501,833
    Not In Work Force14,02883,979183,212
    Workforce Employed56,691249,397469,761
    Workforce Unemployed1,93311,38725,930
    Civlian Workforce58,624260,784495,691
    Military Workforce2911,7866,142
    Total Households42,143175,798344,615
    Family Households10,33360,664145,048
    Non-Family Households31,810115,135199,567
    Married Couple8,26944,48199,640
    Other Family2,06416,18345,408
    Married w/Child2,07214,23638,378
    Single Male w/Child1671,5254,475
    Single Female w/Child6655,46716,098

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    District of Columbia572,059+5601,723+21729,501+15842,154
    District of Columbia572,059+5601,723+21729,501+15842,154
    Maryland5,296,486+95,773,552+66,141,900+66,518,750
    Montgomery County873,341+11971,777+81,052,050+71,128,800
    Prince Georges County801,515+8863,420+6916,150+4952,950
    Virginia7,078,515+138,001,024+88,655,021+89,331,666
    Arlington County189,453+10207,627+20249,298+10274,339
    Fairfax County969,749+121,081,726+71,162,504+71,244,025
    Alexandria city128,283+9139,966+19166,261+10182,067

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1336 14th Street Northwest in Washington?
    The asking price for 1336 14th Street Northwest is $5,135,000
    What is the building size of this Retail property in Washington, DC?
    The size of the building/unit at 1336 14th Street Northwest in Washington is 4,000 square feet
    What kind of Retail is the propery at 1336 14th Street Northwest?
    The property at 1336 14th Street Northwest Washington, DC 20005 is listed as a Other Retail Retail property
    What is the population within 1 mile of 1336 14th Street Northwest in Washington?
    The population within 1 mile of 1336 14th Street Northwest Washington, DC 20005 is 78,830 people.
    Who do I contact for questions about 1336 14th Street Northwest?
    You should contact the listing agent, Andrew Fallon, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Ronald Reagan Washington National Airport (DCA) 4
    Washington Dulles International Airport (IAD) 23
    Baltimore Washington International (Thurgood Marshall Airport) (BWI) 27