•	New 10 year Taco Bell of America Corporate signed lease with 2 (5-year) options to extend
•	The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and providing a hedge against inflation
•	The asset features brand new ground up construction and 2,100 SF of street level retail
•	Tenant reimburses for taxes, insurance, and CAM which includes property management
•	Ideal, low-management investment for a passive investor
•	99% of the acquisition price is a depreciable asset

Offering Memorandum

•	Capitol Hill is known as the Federal Government’s Commercial District with an abundance of shops, eateries, federal institutions, and more
•	The neighborhood averages a daytime population of 75,900+
•	There is currently 1.1 million SF of existing office space
•	Strategically located along 8th Street Southeast, an arterial thoroughfare that supports over 14,000 vehicles per day
•	The property is ideally situated near many national/credit tenants, office complexes, museums, and additional tourist attractions, providing a direct consumer base
•	The U.S. Capitol, White House, Downtown, and Lincoln Memorial, and more are all within walking distance to the subject
•	The property is less than one mile away from Eastern Market, D.C.’s oldest market that attracts 500,000 annual visitors
•	The 5-mile trade area from the subject is supported by over 762,000 residents and 909,000 daytime employees
•	$211,989 average household income within a 1-mile radius

Washington, D.C. - Taco Bell

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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>

Lana Caravello

Sr Operations Transaction Analyst

A-048348

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Demographics	1 Mile	3 Miles	5 Miles
Population	53,245	304,225	762,014
Average Household Income	$211,989	$150,432	$147,643

Traffic Counts
8th St SE	14,100 VPD
Pennsylvania Ave SE	87,100 VPD

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Washington, D.C. - Taco Bell

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Andrew Fallon

Philip Wellde

Rick Fernandez