3299 M St NW

Asset Type

Retail

Address
3299 M St NW Washington, DC United States 20007-3632
Asking Price

Contact for pricing

Sq Footage

3,954

Year Built

1906

Cap Rate

N/A

Additional Attributes

Property Description

nstitutional-quality, 3,954 sq. ft. high street retail asset for sale in the heart of Georgetown, one of the world’s most premier urban retail districts. Peet’s coffee has leased 100% of the property and opened this flagship Washington, D.C. location to feature their new “slow bar” concept. A multimillion-dollar renovation was recently completed and features beautiful wood paneling and an expansive area for guests to enjoy foods and beverages. Located steps away from the intersection of M Street and Wisconsin Avenue and across the street from The Shops at Georgetown Park. Set on a block that is an internationally recognized retail location with luxury shopping, high-end fashion and furnishings as well as upscale restaurants and hotels. With virtually no development or re-development happening in Georgetown, this is a rare opportunity to acquire an investment of this size and credit strength.

Investment Highlights

  • Property includes an NNN lease structure with 10 years remaining
  • Annual rent escalations
  • Leased 100% by Peet’s Coffee
  • High-quality credit parent company
  • Recently underwent a multimillion-dollar renovation
Listing Contacts
Marc Rampulla
Marc Rampulla
EVP, Capital Markets
+65 3159 4021
Bill Moylan
Bill Moylan
Managing Director, Captl Mkts
+65 3159 4021
DC - AB98377977 VA - AB98377977
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