Investment Overview

The Opportunity As the exclusive listing agent, and in conjunction with Ten-X, Marcus & Millichap is pleased to present 717 6th Street NW, a 7,474 gross square foot commercial asset, situated on a 2,125 square foot lot. The property is a three-story plus rooftop deck, fully built-out retail property, located in a blue-chip location in the heart of Chinatown, directly across the street from Capital One Arena, four blocks from CityCenterDC and the Convention Center. The sale of the asset will be facilitated through a Ten-X auction event, which will be hosted on the Ten-X online platform between 9/23-9/25. The Asset 717 6th Street NW, also known as the Bulletin Building, is a historic, art deco inspired property, with unique features rarely found in Washington, DC. Today, the property stands as a 7,474 gross square foot, three story plus rooftop deck, fully built-out and recently renovated, restaurant, bar and nightclub. The property was gut renovated in 2015 by the prior restaurant/bar tenant, limiting the capital necessary for a new investor day one. Each floor is approximately 2,400 square feet, with complete restaurant and bar buildouts, and the rooftop deck features a private patio bar. The property is currently vacant, presenting a unique opportunity for an investor to capitalize on a fully built-out asset in a prestigious, high traffic location. Nearby apartment rents are averaging over $4.25 per square foot, retail leases are averaging nearly $60 per square foot, and retail sales are averaging nearly $600 per square foot All of these data points prove strong, sustained fundamentals in the surrounding submarket, making this a rare opportunity for an investment in downtown Washington, DC. The Location 717 6th Street NW is located in the heart of Chinatown, directly across the street from Capital One Arena. The property is just steps from two metro stations and a plethora of destination restaurants, high-end retail, popular museums, and culture throughout the Chinatown neighborhood and Downtown DC. A few of the neighborhood highlights include, but are not limited to, Clyde’s of Gallery Place, Zaytinya by Jose Andres, Jaleo by Jose Andres, Tonari, Daikaya, Succotash, RPM Italian, Capital One Arena, Ford’s Theatre, National Portrait Gallery, and many more. 717 6th Street NW is also located just four blocks from CityCenterDC, an $850 million mixed-use project that is considered to be the “unequivocal centerpiece of Downtown DC”. Due to the property’s proximity to the White House, multiple metro stations, Union Station, and many of the major Smithsonian museums, there are strong foundations that support future appreciation in value and a high demand location for an investment in the short, medium, and long-term.