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Retail Condo 3619 NW Georgia Ave
1,653 - 2,363 SF of 4-Star Retail Space Available in Washington, DC 20010
Highlights
- • Brand New Building!
- • Frontage on a High-Traffic Corridor
- • Close Proximity to National Retailers
- • Exceptional Foot/Vehicle Traffic
- • One Block from Petworth METRO
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,653-2,363 SF | 10 Years | $70.87 CAD/SF/YR $5.91 CAD/SF/MO $762.85 CAD/m²/YR $63.57 CAD/m²/MO $13,956 CAD/MO $167,468 CAD/YR | Triple Net (NNN) |
1st Floor
Prime Retail Space for Sale/Lease in Washington, DC! For Lease: $50/$15 Per SQFT NNN For Sale: $1.35 Million
- Lease rate does not include utilities, property expenses or building services
- Exceptional Foot/Vehicle Traffic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 3619 NW Georgia Ave , Washington, DC 20010
| Min. Divisible | 1,653 SF | Gross Leasable Area | 2,363 SF |
| Property Type | Retail | Year Built | 2022 |
| Property Subtype | Storefront Retail/Residential |
| Min. Divisible | 1,653 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,363 SF |
| Year Built | 2022 |
About the Property
Key Features: • Brand New Building! • Exceptional Foot/Vehicle Traffic • Frontage on a High-Traffic Corridor • One Block from Petworth METRO • Close Proximity to National Retailers Total Rentable Space: 2,363 Sqft • Upper Level: 1,658 Sqft at $50/Sqft Plus NNN • Lower Level: 705 Sqft at $15/Sqft Plus NNN Attention, Savvy Investors! Noble Group with eXp Realty proudly presents an unparalleled opportunity—a prestigious location at THE EXCHANGE in Washington, DC. This spacious 2,363 Sqft retail space offers maximum visibility with expansive floor-to-ceiling windows, strategically positioned along a bustling retail corridor in Washington, DC. It presents flexibility for various retail concepts, ensuring compatibility with your vision. With direct frontage on Georgia Ave NW, your investment will benefit from unmatched visibility and accessibility due to significant foot and vehicle traffic. This retail space is at the heart of a vibrant community with approximately 75,000 residents within a 1-mile radius. Imagine the exposure your business could achieve in this high-traffic location—truly prime real estate! THE EXCHANGE is near renowned national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, Giant, and more. The synergy and foot traffic generated by these esteemed neighbors will undoubtedly benefit your business. The possibilities are endless with the consistent flow of potential patrons from nearby retail visitors. This prime location retail store offers the flexibility to choose between a sale or lease, aligning perfectly with your investment strategy. Priced at $1,350,000, this opportunity comes with an Absolute Net Lease, promising a fruitful investment journey. With a projected monthly net income of $7,790, you can expect a remarkable 6.92% capitalization rate, ensuring a compelling return on your investment. Now is the time to acquire premium commercial property in Washington, DC. Contact Noble Group with eXp Realty today to explore this remarkable opportunity and watch your business flourish like never before.
- 24 Hour Access
- Storage Space
Nearby Major Retailers
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Serif Soydan -
eXp Realty Commercial
Presented by
Retail Condo | 3619 NW Georgia Ave
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