1359 U St provides an investor the exciting opportunity to acquire a prime asset at the
intersection of the U and 14th Street Corridors in Washington DC. The asset is a ±2,100 SF
two-story + mezzanine building that has a new ten-year lease with Hashtag nightclub. Hashtag
is owned by an experienced operator who has several other successful bar/nightclub concepts
nearby on the U Street Corridor demonstrating his experience and profitability in the area.
Additionally, the lease has 3% annual base rent increases providing an investor steady and
increasing cash flow over time.
With an abundance of bars, restaurants, and residences, the U Street Corridor is a huge draw
for Washington DC’s young population due to its live-work-play environment. Further with its
proximity to U Street Metro Station, a 3-minute walk away, 1359 U Street is easily accessible
and commuter-friendly. 1359 U Street offers the chance for an owner/user or investor to acquire
a quality asset within a dense and vibrant neighborhood.
Distance | .5 Mile | 1 Mile | 2 Mile |
---|---|---|---|
Population | 32,691 | 108,368 | 246,324 |
Daytime Population | 23,510 | 147,191 | 648,145 |
Households | 18,138 | 58,948 | 126,858 |
Avg. Household Income | $221,298 | $204,148 | $194,337 |