The Passenger – 1539 7th Street, NW Washington, DC
Herndon, VA – Calkain‘s Urban Investment Advisors team of Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director, have been retained to sell 1539 7th Street, NW under a long-term stabilized lease to acclaimed cocktail venue and eatery The Passenger.
Offered for sale is the fee simple ownership of the real estate under a landlord friendly lease with annual rent increases. Fernandez, stated, “Retail in DC has consistently performed well, and 1539 7th Street provides investors an opportunity to own street front retail with little to no landlord responsibilities and long-term ability to drive income through rent growth as the market matures.” Fallon added, “the property is ideally situated within one of DC’s most sought after and redeveloping neighborhoods and is a short walk to the Metro, City Market at O, and is well-positioned within the surrounding revitalization taking place in Shaw.”
Calkain Companies is a commercial real estate brokerage firm specializing in assisting buyers and sellers of single and multi-tenant net-leased properties. Calkain works with developers, buyers, sellers and real estate professionals to deliver a global buying audience to a highly sought after, client focused platform that covers all aspects of the transaction including advisory, brokerage, capital markets, asset management and research. Additional information about the firm and listings may be found at www.calkain.com.