Asking Price Contact for pricing
Sq. Footage 1,800
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1800

Property Description

The Property is conveniently situated on the corner of the fully signalized intersection of Georgia Avenue NW and Randolph Street NW. Safeway has excellent visibility which benefits from the multitude of citizens and pedestrians that flood the area, as well the 22,000+ VPD that pass the premises. Further, the Property is less than 500 feet from the Georgia Ave – Petworth Metro Station, which serves the Green and Yellow lines throughout the city. The station is a member of the greater Metrorail, which serves 91 stations and has 117 miles of track.

Investment Highlights

Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a net lease opportunity to acquire a single tenant, absolute NNN, corporately guaranteed, Safeway (the “Property”), investment property in Washington DC – the United States capital that is home to more than 800,000 people within a 5-mile radius of the Property. Safeway will operate on a brand new, 20-year lease with no landlord responsibility. The lease, which is guaranteed by Albertsons Companies, Inc., - the second largest supermarket chain in North America - will feature attractive rental increases which shall continue throughout the primary term as well the eight (8), five (5) year option periods.
Marc Mandel
Marc Mandel
Managing Director
Licensed in
0894218;AB068236
Steve Schrenk
Steve Schrenk
Director
Licensed in
1433421

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