Calkain Brings 1401 Maryland Ave NE to Market, Fully Leased to Chick-fil-A
Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell 1401 Maryland Ave NE Washington DC. The property is NNN leased to Chick-fil-A.
The highly visible corner real estate features one of the only fast food drive-thru windows in the District of Columbia and the only Chick-fil-A in the city with a drive thru. The Chick-fil-A is in close proximity to the rapidly redeveloping H Street, Union Market and Benning Road communities and serves 101,747 households and a population of over 232,000 within a 12-minute drive from the property. The fee simple NNN investment opportunity features a 25-year lease with Chick-fil-A. Sales since the June 1, 2017 Grand Opening are well above projections.
“Chick-fil-A is committed to this location as evidenced by the extremely rare 25 year NNN lease,” Fernandez stated. “The DC economy is rightly viewed as one of the most stable in the country and the trophy real estate and long term Chick-fil-A lease will draw real estate investors from across the globe,” commented Fallon.
With over $150MM of Washington, DC urban retail sales, the Calkain Urban Investment Advisors team of Fernandez and Fallon are the market leaders in today’s urban net lease industry. Currently, Fernandez and Fallon have $45M worth of Washington, DC properties listed or under contract, including 1011 M Street NW, 1723 Connecticut Ave NW, and the Retail and Professional Building at 5185 MacArthur Boulevard.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.
