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3711 14th St NW
Washington, DC 20010 Petworth

$2,124,000 USD

Convenience Store Condo For Sale  •  3,000 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 3,000 SF
  • Lot Size 0.03 AC
  • Building Class C
  • Year Built 2017
  • Tenancy Single
  • Zoning MU-4
77 Transit Score
91 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit N/A Retail 3,000 SF $2,124,000 USD
  • Unit Size: 3,000 SF
  • Condo Use: Retail
  • Price: $2,124,000 USD
  • Sale Type: Investment
  • Price/SF: $708.00 USD
Description
• Quincy at 14th is a 5-story condo building with 20 units above the 7-Eleven ground floor retail condo
•	The NNN lease and condo ownership allows for easy management of a passive investment property
•	This location is just 3 blocks from the Georgia Ave Petworth Metro Station and within walking distance of the shopping dining and entertainment venues in the 14th Street Corridor

Sale Notes
•	The tenant recently extended their lease and now has 5+ years remaining with 2 (5-year) options to extend, demonstrating their commitment to the site
•	The lease features a 10% rental increases at beginning of each option
•	Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada

Description 

•	The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Home Depot, Target, McDonald’s, Ross, Old Navy, Burlington, and many more
•	Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
•	The asset is in close proximity to Catholic University of America (3,177 students), MedStar Washington Hospital Center (912 beds), and Washington VA Medical Center (164 beds), further increasing consumer traffic to the site

Highlights

5+ Years Remaining | Recent Extension | Scheduled Rental Increases | Established Brand
NNN Lease | Fee Simple | Limited Landlord Responsibilities
Ground Floor Retail Condo | Easy Ownership | Dense In-Fill Corridor
Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools & Medical Center
Strong Demographics in 5-mile Trade Area | Direct Consumer Base
Signalized, Hard Corner Intersection | Excellent Visibility

Amenities

  • Corner Lot

Public Transportation

Commuter RailDriveWalkDistance
10 min - 4.0 mi
8 min - 4.1 mi
Transit/SubwayDriveWalkDistance
Georgia Ave-Petworth (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 2 min 10 min 0.5 mi
Columbia Heights (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Yellow Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 1 min 12 min 0.6 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 17 min - 7.4 mi
Washington Dulles International 48 min - 28.7 mi
Baltimore/Washington International Thurgood Marshall 49 min - 33.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Andrew Fallon 202-286-1542 SRS Real Estate Partners
Andrew Fallon 202-286-1542 SRS Real Estate Partners