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1132 19Th St Nw Washington, DC 20036

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For Sale
$4,989,000

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

Property size:
5,800 SF
Lot size:
0.43 Acres

Property Features for 1132 19Th St Nw

General Information

Size
5,800 SF
Lot size
0.43 Acres

Source: SRS Real Estate Partners | McLean Agent Rick Fernandez

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


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.
Insight Report Location Intelligence

Current Use by Public Records

Storefront properties

Similar Places Nearby

Unique Valentine Gift, Columbia Florist Gallery, House of Flowers, Blooms Today, U.S. Florist DC

Map

City
Washington
County
District of Columbia
State
DC
Longitude
-77.0437506
Latitude
38.9047279

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.
More about this property
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