
TD Bank - 905 Rhode Island Ave NE
905 Rhode Island Avenue Northeast, Washington, DC, 20018, US
273 mètres carrés
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a single-tenant CVS lot located at 845 Bladensburg Road NE, Washington, DC 20002 (the “Property” or the “Offering”).
This dark CVS has 2.33 years of term remaining with a corporate guaranteed, NNN lease. The Property sits on 1.76 acres on a corner lot in the densely populated, affluent H Street corridor. This opportunity offers investors business plan flexibility with the Property’s MU-7B mixed-use zoning offering by-right residential conversion optionality with various density designations. The Property presents an opportunity to acquire premier real estate on a NNN lease with limited landlord responsibilities, offering 2+ years of passive cash flow guaranteed by the nation’s largest pharmaceutical corporation with value-add upside through future residential redevelopment.