Description
Tremendous opportunity to own a gorgeous building on bustling M St. in Georgetown. Bo Concept is the current tenant. The store is surrounded by high-end furniture and furnishing shops - both on M Street and on popular Cady's Alley. Arguably the best place to shop for furniture and furnishings in the area. Lease expires 9/30/2027 - tenant has one 7-year option. The interior was beautifully renovated in the early 2000's and has been kept in excellent condition by both ownership and tenants. Please contact LA for appointment to view the interior. Current base rent $258,000/yr. Additional rent including property tax, insurance, BID tax is currently $63,600/yr. Seller may accept or reject any offer.
Description
Tremendous opportunity to own a gorgeous building on bustling M St. in Georgetown. Bo Concept is the current tenant. The store is surrounded by high-end furniture and furnishing shops - both on M Street and on popular Cady's Alley. Arguably the best place to shop for furniture and furnishings in the area. Lease expires 9/30/2027 - tenant has one 7-year option. The interior was beautifully renovated in the early 2000's and has been kept in excellent condition by both ownership and tenants. Please contact LA for appointment to view the interior. Current base rent $258,000/yr. Additional rent including property tax, insurance, BID tax is currently $63,600/yr. Seller may accept or reject any offer.
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