Chevy Chase Circle Trophy Asset - Washington, DC
Rare Chevy Chase Circle Trophy Asset | Washington, DC - 80,000+ VPD
Marketing description
We are pleased to exclusively present for sale the 10,500 SF Chevy Chase Circle Trophy Asset | High Barrier to Entry Market property located at 20 Chevy Chase Circle NW in Washington, DC. This offering represents a rare trophy investment opportunity, featuring a prominent regional brand with no remaining option periods. Additionally, the lease structure provides an opportunity to negotiate a new rental rate commencing in June 2027, creating a unique and compelling value-add investment.
Investment highlights
• Rare Trophy Investment Opportunity: High barrier-to-entry market with a prominent regional brand.
• Recent Lease Extension: Tenant renewed the lease for an additional three years in June 2024.
• Strategic Prime Location: Exceptional visibility with exposure to over 80,000 VPD. Chevy Chase Circle is a major thoroughfare connecting NW Washington, DC and Chevy Chase, MD.
• Exceptional Demographics: Affluent surrounding community with 201,458 residents within a 3-mile radius and an average household income of $258,785 within a 1-mile radius.
• Secure Investment: Long & Foster was acquired by parent company Berkshire Hathaway in 2017 and operates over 180 offices throughout the Mid-Atlantic region.
• Attractive Lease Structure: Landlord-friendly lease with minimal ownership responsibilities.
• No Remaining Option Periods: Opportunity to negotiate a new rental rate commencing June 2027.
• Historically Stable Tenancy: Long & Foster has occupied the subject property since 2004.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
