Washington, D.C. - 2-Tenant Mixed-Use Asset

Description:

• The property totals 15,623 SF and is 100% leased to two tenants, offering a complementary mix of necessity-based and experiential uses in the heart of Chinatown and Downtown Washington, D.C.
• The current tenant mix is comprised of two essential service tenants, Chili Bistro (34% of GLA), occupying the basement and ground floor, and Templeton Academy (66% of GLA), occupying the ground, second, and third floors, providing stable and diversified income streams
• With a weighted average lease term (WALT) of approximately 9.7 years, the asset benefits from Chili Bistro’s recently executed 12.5-year lease in 2025 and Templeton Academy’s 8-year lease set to commence in June 2026
• Both tenants operate under leases that are net in nature, reducing the risk of expense slippage for a future investor
• Chili Bistro is a well-established local favorite and operates a full-service restaurant, while Templeton Academy provides an education-focused institutional use that supports consistent daily activity and community engagement

• The subject property is strategically located along 7th Street NW (14,400 VPD), a primary North/South thoroughfare that runs from The Wharf to Howard University
• The asset is situated in the heart of Chinatown, a neighborhood that is renowned for its fantastic restaurants, colorful storefronts, beautiful architecture, and more
• Located within a dense, built-out trade area with numerous apartment complexes and just a short walk away from D.Cs central business district
• Located just two blocks from the ~20,000 seat Capital One Arena, home to the Wizards, Capitals, and a wide range of events, the property benefits from strong foot traffic and proximity to one of Washington D.C.’s premier entertainment anchors
• Capital One Arena is undergoing an approximately $800 million transformation, positioning the venue as a renewed catalyst for revitalization of the surrounding Chinatown and Downtown corridor - See following page for more info

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Listing ID: a28TP000002iappYAA