1101 Rhode Island Ave NW & 1539 7th Street NW in Washington, DC
Herndon, VA – Calkain‘s Urban Investment Advisors team of Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director, have been retained to sell two net leased properties in Washington, DC.
1101 Rhode Island Avenue, NW is a highly adaptable 3,000+ sf, first floor retail space located in the Holm and is leased to Cut Seven gym which offers an intense, team driven, workout experience. 1101 Rhode Island is on a very busy signalized corner and a short walk to the Shaw-Howard University Metro station, Logan Circle, 14th Street and City Market at O.
1539 7th Street, NW is leased to long-time DC hot spot, The Passenger, and offers a rare opportunity to acquire 3,000+ sf of prime, centrally located real estate within one of Washington, DC’s most rapidly redeveloping neighborhoods. 1539 7th is a short walk to two Metro stops and City Market at O and features 18 feet of frontage on 7th Street, providing highly visible space in the future heart of the Shaw retail and residential district.
“We are excited to bring these assets to market. Both are in developing neighborhoods with landlord friendly leases and strong demographics,” commented Fernandez. Fallon continued, “Both of these assets are ideal in-fill retail locations and benefit from the dynamic neighborhoods surrounding them. Retail in DC has consistently performed well, and these deals provide investors an opportunity to own prime, street front retail with little to no landlord responsibilities.”
With over $150M of Washington, DC urban retail sales, the Calkain Urban Investment Advisors team of Fernandez and Fallon are the market leaders in today’s urban net lease industry. Currently, Fernandez and Fallon have $45M worth of Washington, DC properties listed or under contract, including 1544 9th Street, NW, 1723 Connecticut Avenue, NW, and the Retail and Professional Building at 5185 MacArthur Boulevard, NW.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.