Building Details

Tenancy Single

Listing Agency: JLL - Washington, D.C.

Listed By: Bill Moylan · License #DC AB98377977 Show Phone

Source: Crexi

Added: Apr 10 Changed: Aug 24 Last Checked: Sep 3 at 12:30AM

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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 JLL - Washington, D.C.

Investment Insights

Based on property information with market context.

3299 M Street NW is a 3,954-square-foot, institutional-quality corner retail asset presented for sale. The property is currently leased 100% to Peet’s Coffee, with the tenant having opened a flagship Washington, DC location featuring their “slow bar” concept. The building has also undergone a multi-million dollar renovation.

The property is described as a high street retail offering located in the heart of Georgetown, one of the world’s premier destination urban retail districts. The lease structure is a 10-year NNN agreement with annual escalations and a high-quality credit parent company.

For purchasers seeking a long-term, single-tenant retail investment, the combination of a corner location, NNN lease term, and recent renovation provides a durable foundation for future returns.

Key Highlights

• 3,954 SF single‑tenant NNN corner retail property leased to Peet’s Coffee
• Peet’s Coffee leased 100% of the property and opened a flagship Washington, DC location
• 10‑year NNN lease includes annual escalations

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Electrical Service Barber Shop Butcher Pet Store Pet Store & Service (Bike/Boat/Book/etc) Store

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

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

5,089

Businesses Nearby

278k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 34% Apparel 34% Dining 15% Beauty & Spa 7%

Barnes & Noble Shops & Services

43,241 visits/mo 0.4 miles

Urban Outfitters Apparel

17,478 visits/mo 0.3 miles

Apple Store Electronics

16,867 visits/mo 0.3 miles

Sephora Beauty & Spa

15,722 visits/mo 0.2 miles

Bank of America Shops & Services

11,953 visits/mo 0.3 miles

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 storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Single-tenant NNN corner retail leased to Peet’s Coffee under a 10-year lease with annual escalations.

Where is this storefront property located?

The property is located at 3299 M Street NW Washington, DC.

What are key features of this property?

This property features: 3,954 SF single‑tenant NNN corner retail property leased to Peet’s Coffee; Peet’s Coffee leased 100% of the property and opened a flagship Washington, DC location; 10‑year NNN lease includes annual escalations