Giant 1050 Brentwood Rd NE

Jones Lang LaSalle Americas, Inc. (“JLL) is pleased to offer the opportunity to acquire a single-tenant Giant and associated “back-lot” parcel located at 1050 Brentwood Road NE, Washington, DC 20018 (the “Subject Property” or the “Asset”).

The Offering is the market-dominant grocer, commanding the highest traffic counts of any grocery s tore in all of Washington, DC. The Property is situated on 3 .9 acres in a rapidly densifying Northeast DC micromarket flourishing with recently delivered and forthcoming residential development. This Giant’s transit-oriented location offers outstanding accessibility to its robust consumer base totaling 38,868 in a 1-mile radius via Rhode Island Avenue Metrorail Station (0.3 Miles), Rhode Island Avenue (35,066 VPD), and Brentwood Road (26,836 VPD). While existing on its own separate parcel, this Giant benefits from its integration within the Rhode Island Place shopping center - the busiest neighborhood center in Washington, DC that draws 3 million visits annually.

The Offering is subject to a “reverter” by which the fee simple interest in the Property will automatically revert back to the District of Columbia in 2077.* The land was previously owned by the District of Columbia and was transferred to the original developer with this the “reverter” term in the Deed. The District of Columbia has previously been open to discussing extending or removing the “reverter” in the event of a future redevelopment.

Giant recently executed a 10-year extension and currently has 10.8 years of remaining term with four (4) consecutive ten-year options. The Property presents a rare opportunity to acquire premier real estate on a NNN lease with limited landlord responsibilities offering 10+ years of passive cash flow guaranteed by the Mid-Atlantic’s largest grocery operator.