3426-3428 O Street NW

Washington, D.C. 20007

Offering Memorandum

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

Listing Agents

Josh Feldman

Managing Principal
Direct: (202) 318-6833

Ian Ruel

Managing Principal
Direct: (202) 318-6844

Hannah McCann

Investment Associate
(240) 932-0009

Alex Petrov

Investment Associate
Direct: (202) 932-5082