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| Price $19,000,000 | Built/Renov 1928/2017 | Tenant Children's National Medical Center |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
23,140
| Lease Start
04-19-2019
| #Units
11
|
| Price/SF $821.09 | Expiration
04-30-2034
| Tenant Type Medical/Health |
| NOI $949,812 | R. Term 8.6 | Ownership Fee Simple |
| Rent/SF
$41.05
| Increases 2.5%/1/yrs | Pop 5Mi 715,311 |
| Lot/AC 0.47 | Options 2/5yrs/2.5% | AHHI 5Mi $134,681 |
| | |
Children's National Medical Center is located at the hard corner intersection of 4th Street and Butternut Street. The hospital is easily accessible via nearby major highways, including I-495 (Capital Beltway), U.S. Route 50 (New York Avenue), and I-295. The surrounding area is bustling with tenants like The Catholic University of America, the Basilica of the National Shrine, and retail options...
...Hard corner intersection
Near major nationals
Strategically located
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Annual rent increases
Corporate Guarantee
Investment grade tenant
The Children’s National Hospital network is a leading non-profit pediatric healthcare provider dedicated to the health and well-being of children. Founded in 1870, it has a long history of serving...
| 1 Miles | 3 Miles | 5 Miles | |
| 2030 Total Population : | 33,161 | 281,578 | 779,917 |
| 2025 Total Population : | 31,516 | 281,901 | 767,536 |
| 2025 Employed Civilian Pop : | 17,635 | 163,280 | 465,790 |
| 2025 Total Businesses : | 1,220 | 8,335 | 35,260 |
| 2025 Average Household Income : | $ 169,538 | $ 159,061 | $ 179,276 |
| 2025 Total Consumer Spending : | $ 1802 M | $ 14574 M | $ 50294 M |
| 2025 Median Age : | 41 | 37 | 35 |
| 2025 Total Households : | 12,571 | 107,384 | 329,447 |
| 2025 Pop Age 25+: Bachelor's Degree : | 5,375 | 46,148 | 147,226 |
| 2025 Average Home Value : | $ 818,083 | $ 801,305 | $ 893,072 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Butternut Street Northwest | 4th St NW | 2018 | 2,559 | 0.01 mi |
| 4th Street Northwest | Aspen St NW | 2017 | 1,207 | 0.04 mi |
| 4th St NW | Aspen St NW | 2010 | 1,600 | 0.04 mi |
| Butternut St NW | 2021 | 779 | 0.05 mi | |
| 4th Street Northwest | Aspen St NW | 2018 | 994 | 0.06 mi |
| Butternut St NW | 4th St NW | 2008 | 6,900 | 0.07 mi |
| Butternut Street Northwest | 4th St NW | 2017 | 2,546 | 0.07 mi |
| Cedar Street Northwest | Cedar St NW | 2021 | 7,454 | 0.13 mi |
| Cedar St NW | 5th St NW | 2010 | 5,300 | 0.13 mi |
| Aspen Street Northwest | 5th St NW | 2021 | 2,778 | 0.13 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
