Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell 1544 9th Street NW, Washington, DC. The real estate property has a twelve-year net lease with the New Orleans style, French Quarter Brasserie & Oyster Bar (FQB).
The highly visible corner real estate consists of two floors and basement including 3,800 square feet of interior space as well as 590 square feet of outdoor patio seating. Significant improvements were made to the highly adaptable real estate on the corner of 9th and Q street in DC’s dynamic Shaw neighborhood. “A landlord friendly long-term NNN lease with structured rent increases will appeal to real estate investors from across the country,” Fernandez stated.
Urban investment retail provides investors with an opportunity for significant growth in income as well as appreciation of the underlying real estate,” commented Fallon.
With over $150MM of Washington, DC urban retail sales, the Calkain Urban Investment Advisors team of Fernandez and Fallon are the market leaders in today’s commercial net lease industry. Currently, Fernandez and Fallon have $45M worth of Washington DC properties listed or under contract, including Tenley Hill, 1011 M Street NW, 1723 Connecticut Ave NW, and the MacArthur Retail and Professional Building.
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.