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    1132 19th St Nw Washington, DC

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    Corporate-backed cigar store with long-term lease and strong sales.

    Type:RETAIL
    Property size:
    5,800 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $860/SF
    Added:
    Apr 10, 2025
    Days on Market:
    387
    Last Refresh:
    Apr 5 at 11:02 pm

    Property Features for 1132 19th St Nw

    General Information

    Standard status
    Active
    Size
    5,800 SF
    Lot size
    0.43 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Rick Fernandez
    Rick Fernandez

    Listing agent Rick Fernandez

    Listing office SRS Real Estate Partners | McLean

    Listing date Apr 10, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean


    Overview

    Established Cigar Store Investment

    This property is occupied by Casa De Montecristo, a modern cigar store offering a wide selection of premium cigars and smoking accessories. There are currently 23 Casas across the USA. The tenant has over 9 years remaining on their corporate lease, with two 5-year options to extend, demonstrating a long-term commitment to the location. The lease includes 3% annual rental increases starting in April 2027. The lease carries a corporate guarantee from JR Cigars, a large distributor and retailer of premium cigars. The property benefits from very strong sales and private club membership. A massive air exchange and air filtration system was installed in 2018. The tenant is responsible for CAM, taxes, insurance, and all maintenance and repairs. Landlord responsibilities are limited to structure and roof replacement. The property is a low-management, depreciable investment for a passive investor. The 5,800 square foot establishment is one of only 5 in Washington D.C. with a license allowing smoking on the premises.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

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    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0437
    Latitude
    38.9047

    FAQs

    What type of property is this?
    Storefront property - Corporate-backed cigar store with long-term lease and strong sales.
    Where is this storefront property located?
    The property is located at 1132 19th St Nw Washington, DC.
    What is the asking price?
    The asking price for this property is $4,989,000.
    What are key features of this property?
    This property features: Corporate lease with 9+ years remaining and two 5‑year extension options.; Lease guaranteed by JR Cigars, the world’s largest distributor and retailer of premium cigars.; 3% annual rental increases starting April 2027, increasing NOI and hedging against inflation.
    (703) 297-9623 Call to check price and availability
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