111 Marble Ave NW – 16,692 SF Retail

Sale-leaseback of the Marble Brewery building at 111 Marble Ave NW, with the adjoining vacant lot at 1021 1st St NW. Price $4,000,000 ($240/SF). Year 1 NOI $360,000. Cap rate 9.00%.

16,692 SF single building on 35,310 SF (0.81 AC). Built 1908, renovated 2018. Brewery production, taproom, patio and rooftop deck. Zoning NR-LM (111 Marble) and MX-M (1021 1st St).

Lease: new 20-year NNN master lease commencing at close of escrow; corporate guaranty from Marble Brands; 2.0% per year escalations applied in five-year steps; two 5-year renewal options; landlord responsible for roof and structure.

Listing broker has not reviewed or verified tenant or guarantor financials. Buyer to perform its own credit review. OM available on request. Information deemed reliable but not guaranteed. Cooperating brokers welcome.

Highlights

• 20 year sale-leaseback

• NNN Lease Structure

• Annual rent escalation

• 9% cap rate

• Great downtown location

Jacob Rocker, Tai Bixby and REA Real Estate Advisors represent this offering. Please contact us for additional information or to arrange a tour.