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Miscellaneous

Dogtopia

1232 9th St NW, Washington, DC 20001

Listing Price: $3,750,000

Cap Rate
6.00%
Tenant Name
Red Barn Dog Holdings
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
6,248
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.01

Investment Overview

Marcus & Millichap is pleased to present the market positioning and pricing analysis for the Dogtopia located at 1232 9th St. NW in Washington, D.C. The property consists of 6,248 square feet of building space and is situated on approximately 0.06 acres of land. Red Bard Equity Partners will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 2.00% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options.

Investment Highlights

  • Brand New 20-Year Triple Net (NNN) Sale-Leaseback
  • 2.00% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Miscellaneous

Dogtopia

Listing Price: $3,750,000

Cap Rate
6.00%
Tenant Name
Red Barn Dog Holdings
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
6,248
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.01

Investment Highlights

  • Brand New 20-Year Triple Net (NNN) Sale-Leaseback
  • 2.00% Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Option Periods

Investment Overview

Marcus & Millichap is pleased to present the market positioning and pricing analysis for the Dogtopia located at 1232 9th St. NW in Washington, D.C. The property consists of 6,248 square feet of building space and is situated on approximately 0.06 acres of land. Red Bard Equity Partners will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 2.00% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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