5534 Connecticut Ave Nw, Washington, DC 20015

Property Description

5534 Connecticut Avenue, NW presents investors with an unparalleled opportunity to purchase a fully leased retail property in the highly regarded Chevy Chase neighborhood in Washington, DC. The row house style building has excellent frontage along Connecticut Avenue, just three blocks from Chevy Chase Circle and in a thriving commercial corridor. Dedicated parking is accessible in a rear lot as well as along neighborhood streets. The neighborhood is characterized by a variety of housing styles with high household incomes. The commercial uses include a vibrant mix of local and national retailers with a library, school, grocery store and other conveniences nearby. Commuting is easy with Metro Bus routes along Connecticut Avenue and the Friendship Heights Metro Station less than a mile away. Opal, the restaurant operating at 5534 Connecticut is a neighborhood gem, with a loyal following from close by as well as diners traveling from other parts of the Metro area. The restaurant has several other outposts in the area, including a restaurant Nina May in the Shaw neighborhood of DC and a new restaurant in the Chevy Chae Lake project. Opal’s lease runs through August 2032 and is a triple net lease with the tenant reimbursing the building owner for operating expenses and taxes.