1336 U Street NW

Highlights

KLNB Retail Capital Markets is pleased to offer for sale the fee simple interest in 1336 U St NW,
a fully occupied 6,000 SF retail building in the heart of the U Street Retail Corridor. The building
is tenanted by Hide Up Kitchen & Lounge which is on a new 10 year lease through May-2034
with 3.0% annual base rent increases. Hide Up is the newest concept by experienced operator,
Hellen Kassa, owner of Arif Bar & Restaurant, with the lease also guaranteed by Shewa Etana,
who has other successful restaurant/bar businesses on the U Street Corridor including Space
and Privilege Lounge. The operators just completed a renovation of the building including new
build out of interior spaces, upgrading alarm systems, security cameras and WiFi cabling, and
new sound system.

Hide Up Kitchen & Lounge is a great addition to the vibrant restaurant and bar scene on
the U Street Corridor which is a major draw for Washington DC’s young population due to it’s
live-work-play environment and metro accessibility. With 10 years of lease term and appreciating
cash flow, 1336 U St provides an opportunity for an investor to acquire an asset with a strong
operator in place, that is located in one of the hottest commercial corridors in the district.