deal image
1855 Wisconsin Ave NWWashington, DC 20007
Georgetown Shops
Asset ClassRetail
Square Feet6,813
Year Built: 2010Occupancy: 100%Access Data Room
Georgetown Shops | Safeway Shadow Anchored Retail
overview of deal

Overview

KLNB Urban Capital Markets is pleased to announce for sale the retail condominium interest in Georgetown Shops, a 100% occupied, 6,813 SF asset positioned in Upper Georgetown, Washington DC. Bounded by Washington DC’s most affluent neighborhoods, Georgetown Shops is leased to three health & beauty tenants and an upscale caviar purveyor. With supporting demographics comprised of 6,000 residents earning an average household income of $287,800 in a half-mile radius, the building benefits from a reliable and affluent consumer base in the Georgetown Corridor, which is primarily traveled via Wisconsin Avenue (22,043 VPD). Constructed in 2010 during Safeway’s redevelopment of their longstanding supermarket, Georgetown Shops benefits from rare parking access in a highly trafficked vehicular corridor with a pedestrian friendly Walk Score of 88.

Access the Data Room

Investment Highlights

  • Stabilized retail asset in unbeatable location with 7+ years of weighted average lease term and annual rent increases
  • Walking distance to Georgetown University (20,900+ students) and Medstar Hospital
  • Unmatched demographics with 6,000+ residents earning $287,800 average household income within a half-mile radius
  • Extremely rare on-site parking for the retail tenants in both a covered garage and surface lot
  • Complementary high-end tenant mix: Skin Spirit, Stretch Lab, and Acqua Nails paired with luxury international food purveyor, Baku Caviar
  • Constructed in tandem with shadow anchor Safeway, one of the region’s leading grocery stores, which redeveloped their store in 2010

Nation Leading Demographics

0.5 Mile
1 Mile
2 Mile
Population
6,013
31,957
184,725
Daytime Population
9,782
49,565
398,204
Average HH Income
$287,842
$229,880
$185,915
deal gallery image
deal gallery image
deal gallery image
1855 Wisconsin Ave NWWashington, DC 20007
Dominant Location Proximate to:
MedStar Georgetown University Hospital
Georgetown University
deal image

Inquire

Listing provided by Revere CRE