deal image
1330 U St NWWashington, DC 20009
1330 U Street NW
Asset ClassRetail, Office
% Leased100%
# Tenants: 2Cap Rate: 7.33%Square Feet: 7,502Access Data Room
Mixed Use | High End Restaurant & Medical Office
overview of deal

Overview

KLNB Retail Capital Markets is pleased to offer for sale the fee simple interest in 1330 U Street NW, a 100% occupied, 7,502 SF retail under office building steps from the iconic 14th Street Corridor. Positioned between 13th & 14th street, 1330 U St is occupied by the 3,370 SF Enigma Cocktail Lounge and Wine Vault, joining the property in 2023 on a 15-year lease through Dec-2038. On the second and third floors is Capital Center for Psychotherapy and Wellness, which expanded their practice onsite, doubling their square footage in 2018 and extending through Nov-2028. Capital Center is DC’s most comprehensive holistic mental health & wellness team, offering a variety of services including psychotherapy, psychiatry, acupuncture, massage therapy, and diet plans, amongst others. Together, these two tenants provide an internet resistant, luxury restaurant and medical tenant mix perfectly catering to the vibrant 14th & U Street submarket. The building, originally developed as one of U Street’s first residential buildings, offers stable cash flow with long term upside as a potential conversion back to multifamily in the future.

Access the Data Room

Demographics

0.5 Mile
1 Mile
2 Mile
Population
31,235
108,959
246,467
Average HH Income
$200,766
$178,347
$171,309
Annual Pop. Growth
1.08%
0.01%
0.70%
Annual Inc. Growth
2.28%
2.81%
2.56%
deal gallery image
deal gallery image
deal gallery image
1330 U St NWWashington, DC 20009
1 Mile to The White House

Sales Team

Andy StapePrincipal202-652-2335astape@klnb.com

Inquire

Listing provided by Revere CRE