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1336 U St NW Washington, DC 20002

For Sale
$5,750,000

Fully occupied 6,000 SF retail building on U Street Corridor.

Property size:
6,000 SF
Lot size:
0.41 Acres

Property Features for 1336 U St NW

General Information

Size
6,000 SF
Lot size
0.41 Acres

Source: KLNB - Washington, D.C. Agent Vito Lupo

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


Overview

U Street Retail Investment Opportunity

This is a 6,000 SF retail building located in the U Street Retail Corridor. The building is fully occupied by Hide Up Kitchen & Lounge, which is operating under a new 10-year lease that extends through May 2034, featuring 3.0% annual base rent increases. The operator, Hellen Kassa, also owns Arif Bar & Restaurant. The lease is guaranteed by Shewa Etana, who has other restaurant and bar businesses on the U Street Corridor, including Space and Privilege Lounge. The operators recently completed a renovation of the building, which included a new build-out of interior spaces, upgraded alarm systems, security cameras, WiFi cabling, and a new sound system. Hide Up Kitchen & Lounge is a restaurant and bar that enhances the restaurant and bar scene on the U Street Corridor, which attracts Washington DC’s young population due to its live-work-play environment and metro accessibility.
Insight Report Location Intelligence

Current Use by Public Records

Bars

Similar Places Nearby

Holiday Thyme Catering, W. Millar & Co., PRG Catering, Private Chefs Inc., DC Vegan

Map

City
Washington
County
District of Columbia
State
DC
Longitude
-77.0310495
Latitude
38.9168186

FAQs

What type of property is this?
Restaurant - Fully occupied 6,000 SF retail building on U Street Corridor.
Where is this restaurant located?
The property is located at 1336 U St NW Washington, DC.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: - Fully occupied 6,000 SF retail building in the heart of the U Street Retail Corridor.; - New 10-year lease through May 2034 with 3.0% annual base rent increases.; - Tenanted by Hide Up Kitchen & Lounge, a new concept by an experienced operator.
More about this property
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