• Broker Ian Weisz 2028691743
  • Broker Benjamin Wilson 2024994077
  • Broker John Spaller 2022802722 x 328
  • Broker Burke McLaughlin 2027530105 x 337
  • Broker Yassi Ghashghai 2022802722

701-709 Kennedy St NW 5,627 SF 100% Leased Retail Building Washington, DC 20011 $2,284,557 CAD ($406.00 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
  • The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
  • Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
  • Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
  • With the exception of unit 701, all tenants have been in place for five years or greater
  • Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)

EXECUTIVE SUMMARY

100% Occupied w/ 5 Retail Bays

ATTACHMENTS

701-709 Kennedy St NW_Landing Page

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,627 SF
Building Class
B
Year Built
1927
Price
$2,284,557 CAD
Price Per SF
$406.00 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MU-4
Frontage
103’ on Kennedy St

AMENITIES

  • Corner Lot
  • Restaurant
  • Signage
  • Air Conditioning

LINKS

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Kennedy Street Northwest 7th St NW, W 7,628 2025 0.10 km
Kennedy St NW 7th St NW, W 9,111 2025 0.10 km
Kennedy Street Northwest 9th Street Northwest, W 6,098 2022 0.11 km
Kennedy Street Northwest 3rd Street Northwest, E 6,098 2022 0.17 km
5th Street Northwest Longfellow St NW, N 2,680 2022 0.24 km
5th St NW Longfellow St NW, N 7,333 2018 0.24 km
5th Street Northwest Jefferson Street Northwest, S 2,680 2022 0.24 km
Madison Street Northwest Madison St NW, W 2,000 2025 0.25 km
5th Street Northwest Longfellow Street Northwest, S 2,680 2022 0.26 km
5th Street Northwest Jefferson St NW, S 2,680 2022 0.27 km
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (75)

NEARBY MAJOR RETAILERS

Second Wind Cross Fit
Truist
Safeway
Starbucks
Bank of America

PROPERTY TAXES

Parcel Number 3153-0827 Improvements Assessment $844,206 CAD
Land Assessment $227,375 CAD Total Assessment $1,071,581 CAD

MAP

ADDITIONAL PHOTOS

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