1110 U St SE

The tenant recently extended their lease an additional 3 years through July 2034 with 1 (5-year) option left to extend, demonstrating their commitment to the site

The lease features 3% annual rental increases throughout the initial term and options, growing NOI and hedging against inflation

The lease is NN with landlord being responsible for the property taxes, insurance, and maintenance

Tenant will reimburse landlord for taxes, insurance, and operating expenses; however, operating expenses shall not increase by more than 10% from the previous year

Tenant’s admin / management fees are not to exceed 5% of operating expenses

Landlord’s capital expenses shall be amortized over their useful life

The lease is guaranteed by GoBrands, Inc.

Founded in 2013, Gopuff is a leading, on-demand delivery service that specializes in delivering everyday essentials including snacks, beverages, cleaning products, over-the-counter medications, and more

Gopuff operates in more than 500 US cities, suburbs, and towns

The subject is 1 of 4 GoPuff locations servicing Washington D.C.

• Strategically located along MLK Jr. Avenue with clear visibility and access to an average of 14,600 vehicles passing by daily
• The property benefits from nearby access onto Interstate 695 (155,700 VPD), making it a centralized location with easy commutes for deliveries