NNN Restaurant
For Sale
Contact for pricing
Pending
2436 18th St NW, Washington, DC 20009
Restaurant occupancy is supported by a newly signed NNN lease with a 10-year term.
Property Size6,100 SF
Days on Market626
Property Features for 2436 18th St NW
General Information
Standard status
Pending
Size
6,100 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Greysteel - Corporate
(202) 280-2722
Listed By:
Ian Weisz
(301) 461-7817
Source:
Moodyscre
Added: Jan 29, 2025
Changed: Oct 6
Last Checked: Oct 16 at 9:12AM
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 Greysteel - Corporate
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Investment Insights
Based on property information with market context.
This 6,100-square-foot restaurant property is occupied by The Jerk Pit, which has operated in the Washington, D.C. area for over 18 years. The tenant recently executed a new 10-year lease, and the agreement uses an NNN structure. The location also serves as the tenant’s second area location.
The property is located at 2436 18th St NW in the Adams Morgan neighborhood of Washington, D.C. Woodley Park-Zoo/Adams Morgan Metro station is less than a mile away, providing proximity to rail service within the surrounding neighborhood.
The property is located at 2436 18th St NW in the Adams Morgan neighborhood of Washington, D.C. Woodley Park-Zoo/Adams Morgan Metro station is less than a mile away, providing proximity to rail service within the surrounding neighborhood.
Key Highlights
- 6,100 square feet of restaurant space
- New 10‑year NNN lease
- The Jerk Pit has operated in the D.C. area for over 18 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,831
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,620
$2.4M
Cap Rate 7%
$1,697,586
$1.7M
Cap Rate 9%
$1,320,344
$1.3M
Market Conditions
NOI Build-Up for 6,100 SF
Gross rent
$164.7K $27.00/SF
− Vacancy
−$6.3K −$1.03/SF
EGI
$158.4K $25.97/SF
− OpEx
−$39.6K −$6.49/SF
NOI
$118.8K $19.48/SF
Area
ZIP 20009
Vacancy
3.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,620
Cap Rate 7%
$1,697,586
Cap Rate 9%
$1,320,344
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,831 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,635 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,043
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Dining 34%
Shops & Services 15%
Electronics 1%
Safeway
Groceries
17,478 visits/mo
0.2 miles
Harris Teeter
Groceries
16,637 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
12,770 visits/mo
0.2 miles
Starbucks
Dining
7,495 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,080 visits/mo
0.3 miles
Demographics for 20009, DC
53,357
Population
31,824
Households
1.7
Avg Household Size
34
Median Age
84%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
41,044
Density / Sq Mi
$140,555
Median Household Income
$99,606
Median Earnings
$2,346
Median Rent
$727,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
NNN property - Restaurant occupancy is supported by a newly signed NNN lease with a 10-year term.
Where is this nnn property located?
The property is located at 2436 18th St NW Washington, DC.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 6,100 square feet of restaurant space; New 10‑year NNN lease; The Jerk Pit has operated in the D.C. area for over 18 years
