Listing Agency: CBRE | Washington DC l***@cbre.com Show Phone

Listed By: Lisa Stoddard Show Phone

Source: Moodyscre

Added: Mar 28, 2024 Changed: Jul 28 Last Checked: Jul 30 at 8:18AM

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Investment Insights

Based on property information with market context.

This for-lease corner retail opportunity offers up to 5,378 square feet and is designed to pair with outdoor seating for guest-friendly service. The location is tied to a new senior living community with 137 residences, with delivery scheduled for Q3 2024.

Situated on MacArthur Boulevard in the Palisades neighborhood, the retail is surrounded by established neighborhood businesses, including Backsalt, Black Coffee, Lupo Verde, and Andy Bassin's MacArthur Beverages.

Key Highlights

• Up to 5,378 SF corner retail space
• Ample outdoor seating
• Positioned alongside a 137 new luxury senior living community

Property Analytics

Current Use

Balfour at Palisades Senior ... Condominium Complex The Fitzgerald of Palisades Retirement Community

Suggested Use

Top Pick Real Estate Agency Hair Salon Restaurant Nail Salon Grocery & Convenience Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,608

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 20007, DC

26,827

Population

13,583

Households

2

Avg Household Size

35

Median Age

87%

College-Educated

98%

High-School Grad

3.1 sq mi

ZIP Area

8,654

Density / Sq Mi

$142,783

Median Household Income

$93,107

Median Earnings

$2,066

Median Rent

$1,202,900

Median Home Value

Market

Vacancy Rate% for Retail in Washington, DC

4.9% 2019

5.4% 2020

5.6% 2021

4.8% 2022

4.6% 2023

4.2% 2024

4.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this senior housing / retirement homes located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Senior housing / Retirement Home - Up to 5,378 SF corner retail space with ample outdoor seating, delivering alongside a 137-residence senior living community.

Where is this senior housing / retirement home located?

The property is located at 4865 MacArthur Blvd NW Washington, DC.

What are key features of this property?

This property features: Up to 5,378 SF corner retail space; Ample outdoor seating; Positioned alongside a 137 new luxury senior living community