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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
80 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 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 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 tenant is currently dark, creating a compelling value-add opportunity through future retenanting or redevelopment
•	Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada

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

Property Flyers

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