526 8th Street SE
Washington, D.C. 20003
The Offering
Summary
- List Price $6,850,000
- Product Type Multi-Tenant Retail
- Gross Building Area 9,234 SF
- Lot Size 4,646 SF
- Current Occupancy 100%
- Zoning MU-4/CHC
- On-Site Parking 2 Surface Spaces
- Street Frontage 46'10"
Investment Summary
Feldman Ruel is pleased to exclusively offer for sale 526 8th Street SE, a four-level retail property that is 100% leased to three different tenants. The 9,234-square-foot building was constructed in 2020 in a submarket with very few new-construction opportunities. The tenant mix is highlighted by Jeni's Splendid Ice Creams, a nationally recognized ice cream parlor with more than 80 locations across the country. 526 8th Street SE is well positioned for long-term success, supported by a strong weighted average lease term of 6.28 years, convenient access to transit, and extremely strong surrounding demographics.
Investment Highlights
• Extremely Rare Newer-Construction Multi-Tenant Investment Opportunity
• 100%-Leased to 3 Different Tenants | Stable Tenant Mix with 6.28 Years of WALT
• Tenants Include Jeni’s Splendid Ice Creams, Compliments Only, & Ginza BBQ Lounge
• Newly Constructed by Ownership in 2020 | 3rd Level Includes a Partial Roof Deck
• Centrally Located Along Barracks Row | 3 Blocks from the Eastern Market Metrorail Station
• Very Strong Demographics | Average HH Income of $183,531 within 1 Mile
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