Leased Retail Building with
1401 14th Street Washington, DC 20005
1401 14th Street, Washington, DC, 20005
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For Sale
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Retail building is fully leased, with JPMorgan Chase taking the lower level and first floor under a 15-year term.
Days on Market105
Property Features for 1401 14th Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Newmark - Washington, DC
Listed by
Mathew Adler · License #SP98370082
Source
Crexi
Added: Apr 10 Updated: Jul 23 at 4:47AM Checked: Jul 23 at 4:47AM
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 Newmark - Washington, DC
Investment Insights
Based on property information with market context.
This retail building at 1401 14th Street is fully leased to three separate tenants. JPMorgan Chase has executed a 15-year lease for the lower level and first floor, providing a long-duration commitment within the asset’s existing income base. The lease includes a specified rental-rate increase beginning in year 6, with further annual increases thereafter.
The property is positioned at the intersection of 14th Street and Rhode Island Avenue along DC’s 14th Street Corridor. It is described as being less than 2 blocks from a Whole Foods and within 0.5 miles of an estimated 28,800 residents.
As presented, the weighted average lease term is 9.4 years. The offering is described as being free and clear of existing debt, and the Landlord reimbursement structure and tax parcel bifurcation are noted as contributing to how future ownership benefits.
The property is positioned at the intersection of 14th Street and Rhode Island Avenue along DC’s 14th Street Corridor. It is described as being less than 2 blocks from a Whole Foods and within 0.5 miles of an estimated 28,800 residents.
As presented, the weighted average lease term is 9.4 years. The offering is described as being free and clear of existing debt, and the Landlord reimbursement structure and tax parcel bifurcation are noted as contributing to how future ownership benefits.
Key Highlights
- Retail building fully leased to three tenants, with JPMorgan Chase taking the lower level and first floor.
- 15‑year lease with JPMorgan Chase for the lower level and first floor.
- Lease terms include a 12% rental rate bump in year 6, with 2.5% increases per annum thereafter.
Property Analytics
Location Intelligence
Current Use by Public Records
Fuse Pilates
Gym & Fitness Center
Capital Retail Group
Real Estate Agency
Chase Bank
Bank
Chase ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building is fully leased, with JPMorgan Chase taking the lower level and first floor under a 15-year term.
Where is this retail space located?
The property is located at 1401 14th Street Washington, DC.
What are key features of this property?
This property features: Retail building fully leased to three tenants, with JPMorgan Chase taking the lower level and first floor.; 15‑year lease with JPMorgan Chase for the lower level and first floor.; Lease terms include a 12% rental rate bump in year 6, with 2.5% increases per annum thereafter.
