nearby retail 7,000 sf · $55.00 nnn restaurant / retail space (divisible to 3,000 or 4,000 square...

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walk score 98 NEARBY RETAIL Alex Walker 202.333.0079 [email protected] Bill Miller 202.333.0339 [email protected] 2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.com WASHINGTON, DC 20007 3251 PROSPECT STREET NW GEORGETOWN - WASHINGTON, DC POPULATION 0.5MI RADIUS 8,057 HOUSEHOLD INCOME 0.5MI RADIUS $269,907 EMPLOYMENT 0.5MI RADIUS 19,493 Property Highlights per square foot Passthroughs will total approximately $14 PSF $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of M Street, surrounded by vibrant restaurants and retail, the Morton’s location is a landmark space. Georgetown is an internationally known shopping district with nearly 3 million square feet of retail. It is also home to Georgetown University, a highly affluent urban neighborhood and over 3 million square feet of office space.

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Page 1: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

walk score98

NEARBY RETAIL

Alex Walker202.333.0079

[email protected]

Bill [email protected]

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

3251 PROSPECT STREET NWGEORGETOWN - WASHINGTON, DC

POPULATION0.5MI RADIUS

8,057

HOUSEHOLD INCOME0.5MI RADIUS

$269,907

EMPLOYMENT0.5MI RADIUS

19,493Property Highlights

per square footPassthroughs will total approximately $14 PSF

$55.00 NNNRestaurant / Retail Space

(Divisible to 3,000 or 4,000 square feet)

7,000 SF

Situated in Georgetown’s only large commercial property north of M Street, surrounded by vibrant restaurants and retail, the Morton’s location is a landmark space. Georgetown is an internationally known shopping district with nearly 3 million square feet of retail. It is also home to Georgetown University, a highly affluent urban neighborhood and over 3 million square feet of office space.

Page 2: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Alex Walker202.333.0079

[email protected]

Bill [email protected]

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

PATIO PHOTOS

Page 3: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Alex Walker202.333.0079

[email protected]

Bill [email protected]

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

INTERIOR PHOTOS

Page 4: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Alex Walker202.333.0079

[email protected]

Bill [email protected]

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

SIDEWALK PHOTOS

Page 5: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

SPACE PLAN

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

3251 Prospect Street NWWashington, DC

Prospect Street

Page 6: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

POTENTIAL SPACE DESIGN CHANGES

Addition of glass wall to add more light

Wider flow in mid-section of restaurant

Adjustment of Prospect Street facade parallel to street

Revamp of patio for increased line of sight from street side

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

3251 Prospect Street NWWashington, DC

Page 7: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

RESIDENTIAL

RESIDENTIAL

RESIDENTIAL

RESIDENTIAL RESIDENTIAL

RESIDENTIAL

St. John’s Episcopal Church

Wisconsin Avenue N

W

Potomac Street, N

W

33rd Street, NW

31st Street, NW

M Street NW

Prospect Street NW

Parking

N Street NW

N Street NW

Dumbarton Street NW

O Street NW

SITE

RETAIL MAP

2715 M STREET, NW SUITE 200 202.333.0303 www.MILLERWALKER.comWASHINGTON, DC 20007

3251 Prospect Street NWWashington, DC

Page 8: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

DEMOGRAPHICS

POPULATION DENSITYBY BLOCK GROUPS

15,000 or more10,000 to 15,0005,000 to 10,0002,500 to 5,000Less than 2,500

3251 Prospect Street, NWWashington, DC 20007

.25 mi radius

0.5 mi radius

1.0 mi radius

2,8738,05739,404

2017 POPULATION

www.MILLERWALKER.com

Page 9: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

AVERAGE HH INCOMEBY BLOCK GROUPS

$100,000 or more$75,000 to $100,000$50,000 to $75,000$30,500 to $50,000Less than $30,000

3251 Prospect Street, NWWashington, DC 20007

.25 mi radius

0.5 mi radius

1.0 mi radius

$251,575$269,907$170,360

2017 HH INCOME

www.MILLERWALKER.com

Page 10: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

EMPLOYMENT DENSITYBY BLOCK GROUPS

7,500 or more5,000 to 7,5002,500 to 5,0001,000 to 2,500Less than 2,500

3251 Prospect Street, NWWashington, DC 20007

.25 mi radius

0.5 mi radius

1.0 mi radius

8,87319,49395,354

2017 EMPLOYMENT

www.MILLERWALKER.com

Page 11: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.9062/-77.0641RGRAP3

3251 Prospect St NW0.25 mi radius 0.5 mi radius 1 mi radius

Washington, DC 20007

PopulationEstimated Population (2017) 2,873 8,057 39,404Projected Population (2022) 3,049 8,634 41,882Census Population (2010) 2,695 8,172 39,339Census Population (2000) 2,156 6,485 34,304Projected Annual Growth (2017-2022) 176 1.2% 577 1.4% 2,478 1.3%Historical Annual Growth (2010-2017) 178 2.9% -115 2.9% 65 1.8%Historical Annual Growth (2000-2010) 539 2.5% 1,687 2.6% 5,035 1.5%

Estimated Population Density (2017) 14,654 psm 10,274 psm 12,548 psmTrade Area Size 0.2 sq mi 0.8 sq mi 3.1 sq mi

Race and Ethnicity (2017)Not Hispanic or Latino Population 2,693 93.7% 7,557 93.8% 36,503 92.6%White 2,320 86.2% 6,530 86.4% 27,733 76.0%Black or African American 157 5.8% 448 5.9% 3,827 10.5%American Indian or Alaska Native 2 0.1% 7 0.1% 51 0.1%Asian 164 6.1% 435 5.8% 3,798 10.4%Hawaiian or Pacific Islander - - 2 - 14 - Other Race 5 0.2% 18 0.2% 103 0.3%Two or More Races 44 1.6% 117 1.5% 978 2.7%

Hispanic or Latino Population 180 6.3% 500 6.2% 2,901 7.4%White 145 80.5% 391 78.2% 2,059 71.0%Black or African American 10 5.8% 27 5.4% 245 8.5%American Indian or Alaska Native - 0.2% 2 0.3% 16 0.5%Asian 2 0.9% 4 0.8% 37 1.3%Hispanic Hawaiian or Pacific Islander - - - - - - Other Race 13 7.3% 48 9.6% 350 12.1%Two or More Races 9 5.3% 28 5.7% 194 6.7%

Page 12: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 2 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.9062/-77.0641RGRAP3

3251 Prospect St NW0.25 mi radius 0.5 mi radius 1 mi radius

Washington, DC 20007

Age Distribution (2017)Age Under 5 Years 159 5.5% 479 5.9% 1,810 4.6%

Age 5 to 9 Years 91 3.2% 292 3.6% 1,029 2.6%

Age 10 to 14 Years 66 2.3% 202 2.5% 729 1.8%

Age 15 to 19 Years 130 4.5% 375 4.7% 2,166 5.5%

Age 20 to 24 Years 488 17.0% 1,036 12.9% 5,037 12.8%

Age 25 to 29 Years 294 10.2% 806 10.0% 5,348 13.6%

Age 30 to 34 Years 296 10.3% 838 10.4% 4,799 12.2%

Age 35 to 39 Years 252 8.8% 769 9.5% 3,566 9.1%

Age 40 to 44 Years 173 6.0% 490 6.1% 2,406 6.1%

Age 45 to 49 Years 149 5.2% 437 5.4% 2,137 5.4%

Age 50 to 54 Years 136 4.7% 412 5.1% 1,946 4.9%

Age 55 to 59 Years 125 4.4% 378 4.7% 1,784 4.5%

Age 60 to 64 Years 143 5.0% 423 5.3% 1,849 4.7%

Age 65 to 69 Years 141 4.9% 422 5.2% 1,747 4.4%

Age 70 to 74 Years 115 4.0% 333 4.1% 1,355 3.4%

Age 75 to 79 Years 59 2.0% 182 2.3% 786 2.0%

Age 80 to 84 Years 31 1.1% 101 1.3% 455 1.2%

Age 85 Years or Over 27 0.9% 83 1.0% 456 1.2%

Median Age 32.4 33.8 33.3

Generation (2017)iGeneration (Age Under 15 Years) 316 11.0% 973 12.1% 3,567 9.1%

Generation 9/11 Millennials (Age 15 to 34 Years) 1,207 42.0% 3,054 37.9% 17,350 44.0%

Gen Xers (Age 35 to 49 Years) 574 20.0% 1,695 21.0% 8,109 20.6%

Baby Boomers (Age 50 to 74 Years) 659 22.9% 1,968 24.4% 8,682 22.0%

Silent Generation (Age 75 to 84 Years) 90 3.1% 284 3.5% 1,240 3.1%

G.I. Generation (Age 85 Years or Over) 27 0.9% 83 1.0% 456 1.2%

Page 13: NEARBY RETAIL 7,000 SF · $55.00 NNN Restaurant / Retail Space (Divisible to 3,000 or 4,000 square feet) 7,000 SF Situated in Georgetown’s only large commercial property north of

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 3 of 3©2017, Sites USA, Chandler, Arizona, 480-491-1112

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GRAPHIC PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.9062/-77.0641RGRAP3

3251 Prospect St NW0.25 mi radius 0.5 mi radius 1 mi radius

Washington, DC 20007

Household Type (2017)Total Households 1,186 3,524 20,021Family Households 432 24.2% 1,403 26.4% 5,406 19.4%Family Households with Children 145 33.5% 473 33.7% 1,528 28.3%Family Households No Children 287 66.5% 930 66.3% 3,878 71.7%

Non-Family Households 754 24.2% 2,121 26.4% 14,615 19.4%Non-Family Households with Children 1 0.1% 4 0.2% 12 0.1%Non-Family Households No Children 753 99.9% 2,118 99.8% 14,603 99.9%

Education Attainment (2017)Elementary or Some High School 43 2.2% 83 1.5% 722 2.5%High School Graduate 41 2.1% 155 2.7% 1,386 4.8%Some College or Associate Degree 108 5.6% 324 5.7% 2,025 7.1%Bachelor or Graduate Degree 1,747 90.1% 5,112 90.1% 24,500 85.6%

Household Income (2017)Estimated Average Household Income $251,575 $269,907 $170,360Estimated Median Household Income $166,470 $185,535 $123,311HH Income Under $10,000 155 13.1% 324 9.2% 2,036 10.2%HH Income $10,000 to $34,999 106 9.0% 234 6.6% 2,185 10.9%HH Income $35,000 to $49,999 38 3.2% 116 3.3% 1,106 5.5%HH Income $50,000 to $74,999 77 6.5% 220 6.2% 2,199 11.0%HH Income $75,000 to $99,999 82 6.9% 354 10.0% 3,052 15.2%HH Income $100,000 to $149,999 82 6.9% 354 10.0% 3,052 15.2%HH Income $150,000 or More 669 56.4% 2,101 59.6% 7,575 37.8%