Property History
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Property Type
Marketing Description
JLL's Mid-Atlantic Capital Markets Group is pleased to present the opportunity to acquire 3299 M Street, NW (the "Property"), a 3,954 square foot institutional-quality high street retail asset located in the heart of Georgetown - one of the world's premier destination urban retail districts. Peet's Coffee has leased 100% of the Property and opened a flagship Washington, DC location featuring their new "slow bar" concept. The 10-year NNN lease, with annual escalations and a high quality credit parent company, provides a strong basis for future returns. In addition, the Property has undergone a multi-million dollar renovation, transforming it into a truly one-of-a-kind asset. The irreplaceable corner location, long-term lease and institutional quality property offer an unprecedented generational investment opportunity.
Investment Highlights
- Internationally recognized High-Street location with strong historical fundamentals
- 10 Year NNN Lease term with annual escalations
- Fully-renovated single tenant retail asset boasting a prime signalized corner location on M Street
- World Class Demographics
Loan History
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