Monday, May 06, 2013
Mike's Thrift Store Space For Lease: $4,500 a Month Triple Net
1425 H Street is the second building in. I'm looking for an updated file photo
This just in, 1425 H Street is going on the leasing market for $4,500 a month with a triple net lease. A triple net lease is common in commercial spaces, and means that the tenant is responsible for property taxes, maintenance, and insurance.
This is an interesting development following on the heals of news that the Salvation Army building down the street is up for sale for $2.2 million. If both stores close, and the Salvation Army looked pretty empty this weekend, this would leave the American Rescue Worker's shop ("Thrift Store" in the 1100 block) as H Street's only thrift store. In case you haven't been, Mike's occupies only the first floor of this space, with multiple other vendors in the different rooms upstairs. Mike's is perhaps know for its $1 sales during which most items are $1. So, if you buy a pair of shoes it would cost you $2.