OFFERING PREVIEW 2525 M STREET, NW, WASHINGTON, DC

Cushman & Wakefield | NOBU, Washington D.C Executive Summary

PROPERTY SUMMARYLocation Washington, D.C.Address 2525 M Street NW, Washington, D.C.Property Type Commercial CondominiumSize 13,211 SFCompleted 2017

INVESTMENT SUMMARYInvestment Type NNNOccupancy 100%

Tenant Nobu

Premises 13,211 SFLease Term 20 YearsOwnership Fee Simple

ExEcutivE Summary

Cushman & Wakefield Retail Investment Advisors exclusively present 2525 M Street Northwest,

Washington, D.C. (“The Property”) – a street-level urban retail asset occupied by Nobu. The

13,211-square-foot restaurant operates under a net lease with an initial 20 year term and 2.5% annual

escalations. Additionally, Nobu is obligated to pay percentage rent based on of sales in excess of a

pre-determined threshold and has one 5-year option to extend occupancy at fair market value rent.

2525 M Street Northwest was selected by this international restaurant collection to serve as the

brand’s first D.C. location. The Property, which sits at the base of a recently renovated 59-unit

luxury residential condominium, 2501 M, is only a short distance from Georgetown, Foggy Bottom

and Dupont Circle. Nobu is situated just steps from several foreign embassies and Georgetown’s M

Street corridor, the region’s most premier and internationally recognized shopping street.

2525 M Street Northwest presents the opportunity to acquire a trophy asset secured by long term

tenancy at the base of a premier luxury residential complex. The Property offers an investor stable

income and embedded annual rent growth from an innovative and globally celebrated brand at an

exceptional location.

Tenancy• New 20-yr NNN Lease with one 5-yr option

• 2.5% annual rental escalations throughout term

• E-commerce resistant and experiential dining

• Collect additional rent as percentage of sales

• Internationally renowned, 38 locations worldwide

Location• Superior demographics: AHI of $142,743

and population of 192,324 (2 mile radius)

• West End neighborhood boasts city’s most

upscale restaurants, residences, and hotels

• 3,000 hotel rooms in surrounding area:

The Four Seasons, Fairmont, Ritz Carlton,

Park Hyatt and The Watergate

• Close proximity to world renowned universities:

Georgetown, George Washington, American,

Johns Hopkins in Baltimore

Investment HIgHlIgHts

Cushman & Wakefield | NOBU, Washington D.C Executive Summary

NOBU13,211 SF Lease End: 8/31/37 www.noburestaurants.com

Chef Nobu Matsuhisa’s renowned, international chain combines refined Japanese-Peruvian dishes and fine

sushi. Serene luxury pervades the spacious, tastefully designed dining room and lounge areas. The venue offers

multiple options for private dining, the largest of which includes two secluded outdoor patios. Over the last

nearly 25 years, Nobu has opened 38 restaurants across five continents in cities such as Miami, London, Hong

Kong, and Dubai. In recent years, the luxurious Nobu lifestyle has transcended into hospitality with nine Nobu

branded hotels, suites, and villas across the world and seven more slated to open over the next two years.

As the Nobu brand continues to selectively open new restaurants, it is largely influenced by Chef Matsuhisa’s

extensive travels throughout the world. Marrying traditional food from his native country of Japan with flavors

discovered from his time spent in Peru, Nobu classics such as the Rock Shrimp Tempura and Miso Black Cod

have enchanted diners for more than 20 years. Nobu’s impressive collection of restaurants have received top

honors from culinary institutions around the world including a James Beard Foundation award for Best New

Restaurant and the sought-after Michelin Star.

COMPANY PROFILEYear Founded: 1994Industry: RestaurantCurrent Number of Stores Worldwide: 38Current Number of Stores in the U.S.: 15New Stores to Open in the U.S. 2018-2019: 7

Cushman & Wakefield | NOBU, Washington D.C Executive Summary

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50%HOLD AT LEAST A BACHELORS DEGREE

6.1 MTOTAL POPULATION

72%EMPLOYED IN WHITE COLLAR JOBS

$142,743AVERAGE HOUSEHOLD INCOME WITHIN 2 MILES

Cushman & Wakefield | NOBU, Washington D.C Executive Summary

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MARK GILBERTExecutive Managing Director305 533 2866mark.gilbert@cushwake.com

MICHAEL MARKSManaging Director312 470 2317michael.marks@cushwake.com

EVAN HALKIASManaging Director312 470 2318evan.halkias@cushwake.com

DAVID MATHEISAssociate Director 312 470 2347david.matheis@cushwake.com

KALEIGH JONESAssociate 202 776 7173Kaleigh.Jones@cushwake.com

DAVID DORROSVice Chairman 202 463 1364dave.dorros@cushwake.com