•	9+ years remain on this corporate lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
•	The lease features 3% annual rental increases starting April 2027, increasing NOI and hedging against inflation
•	Casa De Montecristo is a premier, modern cigar store featuring a
large selection of premium cigars as well as premium smoking cigar accessories
•	Today, there are 23 Casas across the USA, including company-owned stores and licensed-based partnerships with some of the top established premium cigar retailers in the country
•	1132 19th Street is one of only 5 establishments in Washington D.C. with a license that allows smoking on the premises
•	The lease carries a corporate guarantee from JR Cigars, the world’s largest distributor and retailer of premium cigars
•	Very strong sales and private club membership
•	Massive air exchange and air filtration system installed in 2018
•	Tenant pays for CAM, taxes, insurance, and all maintenance and repairs
•	Landlord responsibilities limited to structure & roof replacement
•	Ideal, low-management, depreciable investment for a passive investor

•	Casa De Montecristo is strategically fronting 19th Street NW, averaging 12,600 vehicles passing by daily
•	Located in the heart of the Golden Triangle CBD (K Street, DuPont Circle, Connecticut Ave)
•	33 million square feet of office space
•	85,000 daytime workers
•	Walking distance to four Metro stations (Farragut North, Farragut West, Foggy Bottom and DuPont Circle)
•	Avg. Ridership (Weekday / Weekend): Farragut North 24,462 / 7,291, Farragut West 23,399 / 7,204, DuPont Circle  20,671 / 17,713
•	Full building and systems renovation in 2016
•	Massive air exchange and air filtration system added in 2018
•	The Golden Triangle includes seven parks, a wide array of retail businesses, nearly 2,000 hotel rooms, and thousands of firms and organizations
•	Events in Farragut Square bring music, fitness, and movies outside for all to enjoy, and the Grow Golden pop-up program brings additional small businesses to the area
•	A project at 1111 20th Street NW will convert an existing 185,000 SF office building into a Class-A residential development with 12,000 SF of ground-floor retail space.
•	Nearly 400,000 residents and 776,000 employees support the trade area

Washington, D.C. - 1132 19th Street NW - Casa De Montecristo

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<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Traffic Counts
19th Street NW	12,600 VPD
K. Street NW/U.S. Highway 29	21,800 VPD

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Washington, D.C. - 1132 19th Street NW - Casa De Montecristo

Description

Location

Demographics

Traffic Counts

Contact

Rick Fernandez

Andrew Fallon