Leased Retail Building with
For Sale
Contact for pricing
1401 14th Street, Washington, DC 20005
Retail building is fully leased, with JPMorgan Chase taking the lower level and first floor under a 15-year term.
Property SizeContact for details
Days on Market135
Property Features for 1401 14th Street
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Newmark - Washington, DC
Listed By:
Mathew Adler · License #SP98370082
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last 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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19,628
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Hotels & Casinos 15%
Dining 13%
Home Improvements & Furnishings 10%
Giant
Groceries
27,501 visits/mo
0.5 miles
Whole Foods Market
Groceries
16,933 visits/mo
0.1 miles
Sunoco
Shops & Services
6,159 visits/mo
0.5 miles
Logan Hardware
Home Improvements & Furnishings
5,986 visits/mo
0.3 miles
Jeni's Splendid Ice Creams
Dining
4,634 visits/mo
0.5 miles
Demographics for 20005, DC
12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value
Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
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.
