Leases & Comps
Deal Basics
- Property
- 655 New York Avenue NW
- Space
- Whole Ground Floor
- Tenant
- Compass Coffee
- Landlord
- Potomac Retail Partners
- Rep Side
- None (Comp)
- Lease Type
- Direct
Terms
- Rent ($/SF)
- $41
- Rent Type
- Triple Net
- Term
- 120 months
- TI Allowance
- $0/SF
- Free Rent
- 0 mo
- Escalation
- CPI-based, 2% floor / 4% cap
- Delivery Condition
- As-is
Pipeline & Follow-up
- Health
- —
- Temperature
- —
- Preferred Channel
- SMS
- Next Follow-up
- —
- LOI Sent
- Jan 30, 2025
- Lease Signed
- Feb 19, 2025
- Rent Commencement
- —
- Lease Start
- Aug 3, 2025
- Lease End
- Aug 3, 2035
Notes
- Credit / Entity
- —
- Termination Option
- Early termination at month 60 with 9 months notice
- Internal Notes
- —
No records.