Adams Morgan CVS Also Listed For Sale…at an insanely high price (Lease is Guaranteed by CVS Caremark.)

by Prince Of Petworth February 22, 2019 at 11:30 am 0


1755 Columbia Road, NW via loopnet

Whoa part two. Thanks to The X2 Bus for pointing out to us another CVS listing on loopnet:

“1755 Columbia Rd NW
Retail For Sale
$17,375,000

Rare Opportunity to acquire urban CVS location approximately 1.5 miles from the White House surrounding national monuments, memorials and government buildings.

This 13,473 square foot freestanding CVS drugstore store is located in downtown Washington, DC Surrounding retailers include Walgreens, Burger King, Chick-Fil-A, 7-11, Popeye’s, PNC Bank, BB&T Bank, Safeway and more..

25 Year Absolute NNN With Five (5) Year options to renew with increases.
No Landlord Responsibilities. 10% Rental increase in each renewal option
2017 DC.gov AADT 29,193 vehicles per day on NW Columbia Road.
Average Household income exceeds $143,000 in a Five mile radius with 100,000 people in a one mile radius. Lease is Guaranteed by CVS Caremark.

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