- For Sale $3,597,000
- Property Type Retail
- Property Size 5,654 SF
- Lot Size 0.03 Acre
- Year Built 1890
- Date Updated Feb 19, 2025
9+ years remain on lease with an additional 2 (5-year) option periods to extend
The lease features scheduled annual rental increases throughout the initial term, growing NOI and hedging against inflation
Fee Simple fully depreciable asset
The base rent throughout the option periods is based on an annual fair market value basis
Originating as a food cart in 2007, Pupatella has quickly become a household name for Neapolitan Pizza throughout the Washington, D.C. region
Pupatella is certified by the Assozione Verace Pizza Napoletana (AVPN), the legal Italian entity that defines what true Neapolitan Pizza is and ensures that each pizzeria complies with strict guidelines
There are currently 10 established Pupatella restaurants with an additional location opening in Maryland soon
Tenant pays for taxes, insurance, and maintains most of the premises
Landlord is responsible for the capital expenses pertaining to the roof & structure
Roof work was recently completed in November 2021, limiting future landlord expenses
Ideal, low-management, depreciable investment for a passive investor
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
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Walk Score ®
93/100
Walker's Paradise
-
Transit Score ®
91/100
Rider's Paradise
-
Bike Score ®
97/100
Biker's Paradise
- City Washington, DC
- Neighborhood Capitol Hill
- Zip Code 20002
- Market Washington DC Suburban Maryland
Frequently Asked Questions
The space currently listed for sale at 301 Massachusetts Ave NE asks for $3,597,000.
301 Massachusetts Ave NE totals 5,654 square feet.
301 Massachusetts Ave NE was built in 1890.
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