Washington, D.C. - Howard University

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land and building ownership) in a freestanding, single-tenant, NNN leased, specialty use university building investment property occupied by Howard University in Washington, D.C. The property is 100% leased to Howard University, the nation’s leading Historically Black College and University (HBCU), which holds a Fitch credit rating of BBB. With approximately 10 years remaining on the lease, this offering ensures long-term stability and security for investors. The lease features 3% annual rental increases, providing predictable and growing cash flow throughout the term. This low-management investment is ideal for passive investors, as the NNN lease structure requires the tenant to cover all CAM, taxes, insurance, and maintenance, while the landlord’s responsibilities are limited to structural maintenance, waterproofing, and exterior replacement costs.

Situated at the prominent corner of 9th and T Street NW, the property boasts high visibility, a significant window line, and excellent access to transportation. Just 2.5 blocks from the Howard University Metro Station and its main campus, the site benefits from superb connectivity within a highly walkable and bike-friendly neighborhood. The building’s impressive design includes 20-foot ceilings in the 1st Floor Auditorium and 9–14-foot ceiling heights across the Lower Level to the 4th Floor, ensuring a modern and functional layout. This offering represents a unique opportunity to own a high-quality, long-term asset in a thriving Washington, D.C. location, backed by a strong institutional tenant.