3428 O Street NW_Property for Sale
3428 O Street NW_Property for Sale
3428 O Street Northwest, Washington, DC, 20007, US

3428 O Street NW

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer the opportunity to acquire the fee simple interest in 3426 – 3428 O Street NW in the Georgetown Submarket of Washington, DC (“Property” or “Asset”).


The Asset is 100% leased to Call Your Mother Deli and a second-floor, two-bedroom residential unit with approximately 5 years remaining of primary retail lease term and one, five-year renewal option.


Call Your Mother is a DC-Favorite Deli Chain with 11 store locations across the DMV and 3 in Denver. Owners chef Daniela Moreira and Andrew Dana started Call Your Mother at farmer’s markets in DC. After opening a flagship shop in Park View in the Fall of 2018, it was clear that folks loved the food and they expanded across DC, Maryland, and Virginia.

The Asset sits adjacent to Georgetown University and Georgetown Visitation Preparatory School. Georgetown University is one of the most prestigious institutions in the Nation and has a student body of 21,000. Georgetown Visitation is one of the most expensive and sought after College Preparatory Schools in the DC Area. The premier placement of this Call Your Mother Location makes it’s the go-to breakfast stop for students and parents alike.


Georgetown is one of the most sought-after Retail Markets in the Nation with 2.3M SF of Retail and $13BN in Consumer Spending Annually. The Submarket boasts an Average Retail Occupancy of 96% and rents that are 109% Above the DC Average.


This unique opportunity allows investors the ability to acquire a one of a kind, eclectically designed, and market dominant deli in the heart of the Georgetown submarket. The asset offers secure, long-term cash flow backed by the DMV’s most adored bagel spot.


...

Investment Highlights

  • Dominant DMV Deli Chain
  • 5 Years of Remaining Primary Lease Term
  • One-of-a-Kind Unique Store Design
  • $149K Average Household Income within a 1-Mile Radius
  • 140K Residents within a 1-Mile Radius
  • $547M Yearly Consumer Spending within a 1-Mile Radius
  • 2.3M SF of Retail Space in Georgetown
  • Directly on Route to Two Major Schools (11,800 VPD)

Attributes

Building area net
312 m²

Contact brokers

3428 O Street NW (0 Properties)

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Last updated
16 May 2024