Description
All brick, three level, triple net leased by Brompton Bicycle. Renovation with no expense spared, very high ceilings, hardwood floors, steel stairs with wood treads and cable railing, sprinkler system, ADA bathroom, rear egress, plenty of storage. 5 year lease, at the end of first year (May 2025), with a 5 year lease option, providing a current 4.66 CAP rate (10 year 5.27 Ave) , 2.5% annual increases, renovated completely in 2021, in Georgetown at Wisconsin and M Streets across from Apple and Hugo Boss stores. Zoned MU-4.
Description
All brick, three level, triple net leased by Brompton Bicycle. Renovation with no expense spared, very high ceilings, hardwood floors, steel stairs with wood treads and cable railing, sprinkler system, ADA bathroom, rear egress, plenty of storage. 5 year lease, at the end of first year (May 2025), with a 5 year lease option, providing a current 4.66 CAP rate (10 year 5.27 Ave) , 2.5% annual increases, renovated completely in 2021, in Georgetown at Wisconsin and M Streets across from Apple and Hugo Boss stores. Zoned MU-4.
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