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Views: 100 DOM: 55 Updated: 02.04.25 Posted: 02.04.25 Status: Active

Summary

Price $19,000,000
Built/Renov 1928/2017
Tenant Children's National Medical Center
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 23,140
Lease Start 04-19-2019
#Units 11
Price/SF $821.09
Expiration 04-30-2034
Tenant Type Medical/Health
NOI $949,812
R. Term 9.1
Ownership Fee Simple
Rent/SF $41.05
Increases 2.5%/1/yrs
Pop 5Mi 715,311
Lot/AC 0.47
Options 2/5yrs/2.5%
AHHI 5Mi $134,681

Lease Highlights

  • 9+ years remaining on the current lease term with 2 (5-year) options to extend-
  • The lease features 2.5% annual rental increase throughout the initial term and option periods-
  • Absolute NNN lease | Zero landlord responsibilities-
  • Corporate guarantee | Investment grade tenant

Location Description

Children's National Medical Center is located at the hard corner intersection of 4th Street and Butternut Street. The hospital is easily accessible via nearby major highways, including I-495 (Capital Beltway), U.S. Route 50 (New York Avenue), and I-295. The surrounding area is bustling with tenants like The Catholic University of America, the Basilica of the National Shrine, and retail options...

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  • 1 Mile
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  • 5 Miles

Tenant

About Tenant

The Children’s National Hospital network is a leading non-profit pediatric healthcare provider dedicated to the health and well-being of children. Founded in 1870, it has a long history of serving...


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Listing Broker

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Jonathan Hipp

Avison Young: Capital Markets

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  • 13 Listings
  • 2950 Views
  • 0 Sold
Richard Murphy

Avison Young: Capital Markets

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  • 15 Listings
  • 3268 Views
  • 1 Sold

With a career spanning over 25 years, Jonathan Hipp is recognized as one of the leading providers of net lease investment advisory services in the country. He joined Avison Young in 2020 as a Principal, member of the U.S. Capital Markets Executive Committee, and leader of the national Net Lease Group. Based in the firm’s Washington, DC office, Hipp has expanded and solidified Avison Young’s net lease market position, and today leads a team of senior advisors across the country who specialize

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Rich Murphy is a Senior Vice President in the Capital Markets Group. He performs investment sales, with a focus on Single-Tenant NNN Properties. In this role he works with investors, developers, 1031 exchange buyers, and companies performing sale-leasebacks. Prior to Avison Young, Rich spent 10 years with Calkain Companies where he performed over $300 million in investment sales as well as led the asset management business. He also worked for Akridge and The Mills Corp, in addition to over seve

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