Leases & Comps
Deal Basics
- Property
- 3130-3132 M Street NW
- Space
- Whole Ground Floor
- Tenant
- —
- Landlord
- Chevy Chase Land Company
- Rep Side
- None (Comp)
- Lease Type
- Direct
Terms
- Rent ($/SF)
- $100
- Rent Type
- Triple Net
- Term
- 84 months
- TI Allowance
- $0/SF
- Free Rent
- 3 mo
- Escalation
- CPI-based, 2% floor / 4% cap
- Delivery Condition
- Second-generation restaurant
Pipeline & Follow-up
- Health
- —
- Temperature
- —
- Preferred Channel
- Next Follow-up
- —
- LOI Sent
- Dec 30, 2024
- Lease Signed
- May 3, 2025
- Rent Commencement
- —
- Lease Start
- May 14, 2025
- Lease End
- May 14, 2032
Notes
- Credit / Entity
- —
- Termination Option
- Early termination at month 60 with 9 months notice
- Internal Notes
- —
No records.