301 Massachusetts Avenue NE

9+ years remain on lease with an additional 2 (5-year) option periods to extend

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

Fee Simple fully depreciable asset

The base rent throughout the option periods is based on an annual fair market value basis

Originating as a food cart in 2007, Pupatella has quickly become a household name for Neapolitan Pizza throughout the Washington, D.C. region

Pupatella is certified by the Assozione Verace Pizza Napoletana (AVPN), the legal Italian entity that defines what true Neapolitan Pizza is and ensures that each pizzeria complies with strict guidelines

There are currently 10 established Pupatella restaurants with an additional location opening in Maryland soon

Tenant pays for taxes, insurance, and maintains most of the premises

Landlord is responsible for the capital expenses pertaining to the roof & structure

Roof work was recently completed in November 2021, limiting future landlord expenses

Ideal, low-management, depreciable investment for a passive investor

• Strategically located at the hard corner intersection of Massachusetts Avenue and 3rd Street, averaging a combined 30,300 vehicles passing by daily