Pearson’s Wine and Spirits
$4,363,363.00
Address | 2436 Wisconsin Ave NW, Washington, DC |
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Tenant | Pearson’s Wine and Spirits |
Lease Term | 15 years close of Escrow |
Cap Rate | 5.5% |
NOI | $240,000.00 |
Options | 2- Five-year—periods |
Description
Pearson’s has been at establishment since 1933
Strong traffic 29,816 VPD
Close proximity to Georgetown Waterfront park,
Georgetown University, National Cathedral , national
tenants such as Chipotle, CVS , Dominoes and more .
Excellent Cap Rate with annual rental increases to
hedge against inflation.
Strong tenant with high net worth and store sales
15 year NNN lease at close of escrow.
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