CVS Condo - 675 K Street NW, Washington D.C
K Street Northwest 655, Washington, DC, 20001, US
1,294 m²
Asset Description
Jones Lang LaSalle, as exclusive advisor, is pleased to present the opportunity to acquire Research Row – a 98% leased, 107,837 square foot, Fitness-anchored shopping center in Rockville, MD. Research Row presents a rare opportunity to acquire an exceptional asset featuring a MARKET DOMINANT FITNESS ANCHOR, STRATEGIC LOCATION WITHIN A DENSELY POPULATED PRIMARY LIFE SCIENCES NODE, AND OUTSTANDING CENTER FUNDAMENTALS WITH ALTERNATE DISPOSITION PATHWAYS.
...
Attributes
Building area net
10,017 m²
Year built
2018
Occupancy
98%
Media
Investment Highlights
Market Dominant Fitness Anchor
- Highest Performing Onelife in the Nation for Visits
- Most Visited Gym in Maryland
- 99th Percentile of Gym Visits Nationally
- 27% Increase YOY in Visits
Strategic Location in a Densely Populated Primary Life Sciences Node
· Within 3 Miles
- $8 Billion of Buying Power within a 3-mile drive
- 152,000 Daytime Population
- $183,000 Average Household Income
· Within 1-Mile
- $209,324 Average Household Income within 1-mile
- 75% of the Population within 1-Mile has a bachelor’s degree
· Within Premier Lifes Sciences Node with over 350 Private-Sector Companies
· Prime, billboard-equivalent visibility from I-270 (220,000 VPD)
Outstanding center fundamentals with alternate disposition pathways
- ~9 Years of WALT
- Pad Site Spin Off Opportunity With Chick-Fil-A
- 98% Occupancy
Newer Build Asset with Limited Ongoing Capital Requirements
- 2018 Build
- All Roofs Under Warranty through 2043
- Brand New Parking Lot and HVAC Systems reduce Future Capital Spend
Contact brokers
Research Row (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
23 May 2024
