3426-3428 O Street NW
Washington, D.C. 20007
The Offering
Summary
- List Price $1,899,000
- Product Type Mixed-Use
- Product Subtype Retail & Multifamily
- Gross Building Area 1,890 SF
- Occupancy 100%
- Cap Rate 5.83%
- Lot Size 617 SF
- Zoning R-3/GT
Investment Summary
Feldman Ruel is pleased to offer for sale 3426-3428 O Street NW, a mixed-use property situated on a prominent corner in Georgetown consisting of street-level retail occupied by the Washington, D.C. area's most recognizable bagel, deli, and coffee shop, Call Your Mother Deli, which is currently in year six of its 10-year base lease term, with a five-year option thereafter. Above the retail space is a two-bedroom/one-bathroom multifamily unit that has historically been occupied by Georgetown University students. The asset represents a unique opportunity to acquire a fully leased property with stable and predictable rental income located in one of the Mid-Atlantic's strongest and most dynamic submarket.
Investment Highlights
• Excellent Long-Term Hold with Stable & Dependable Cash Flow
• Mixed-Use Property | Street-Level Retail & a 2BR/1BA Multifamily Unit Above
• Call Your Mother Deli | Year 6 of a 10-Year Lease Before a 5-Year Option Perio
• 2BR/1BA Multifamily Unit | Strong Demand Generated by Georgetown University
• 857 Multifamily Units, 19,000 SF of Retail, & 436 Hotel Rooms Under Construction Nearby
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