It is a four-day festival held every year in September or October, on dates corresponding to the Bhutanese calendar.įurther information: History of Bhutan View of Tashichoedzong, Thimbu. Tshechu is an important festival when mask dances, popularly known as Cham dances, are performed in the courtyards of the Tashichho Dzong in Thimphu. The culture of Bhutan is fully reflected in Thimphu in literature, religion, customs, and national dress code, the monastic practices of the monasteries, music, and dance, and in the media. Some of this development was undertaken with financial assistance from the World Bank and Asian Development Bank. Thimphu is coordinated by the "Thimphu Structure Plan, 2002-2027", an urban development plan with the objective of protecting the fragile ecology of the valley. Thimphu contains most of the important political buildings in Bhutan, including the National Assembly of the newly-formed parliamentary democracy and Dechencholing Palace, the official residence of the King, located to the north of the city. Tourism, though a contributor to the economy, is strictly regulated, maintaining a balance between the traditional, development and modernization. Thimphu, as the political and economic center of Bhutan, has a dominant agriculture and livestock base, which contributes to 45% of the country's GNP. Unusually for a capital city, Thimphu does not have its own airport, instead relying on the Paro Airport (connected by road some 52 kilometres (32 miles) away). Thimphu is the fifth highest capital in the world by altitude and ranges in altitude from 2,248 metres (7,375 feet) to 2,648 metres (8,688 feet). The city extends in a north–south direction on the west bank of the valley formed by the Wang Chhu, which flows out into India as the Raidāk River. The ancient capital city of Punakha was replaced by Thimphu as capital in 1955, and in 1961 Thimphu was declared as the capital of the Kingdom of Bhutan by the 3rd Druk Gyalpo Jigme Dorji Wangchuck. It is situated in the western central part of Bhutan, and the surrounding valley is one of Bhutan's dzongkhags, the Thimphu District. Thimphu ( / t ɪ m ˈ p uː/ Dzongkha: ཐིམ་ཕུག ) is the capital and largest city of Bhutan. Without proper rendering support, you may see very small fonts, misplaced vowels or missing conjuncts instead of Tibetan characters. Directly across the street is the Coral Hills Shopping Center, an 89,824 square foot shopping center with a diverse mix of complimentary tenants including Family Dollar, DaVita Dialysis, Subway, Shoppers and AutoZone.This article contains Tibetan script. This infill area has approximately 80,000 households within a 3-mile radius. The property is located in a densely populated neighborhood, just 5 miles from the US Capitol building and the heart of Washington DC with over 6.4 Million residents. ![]() ![]() ![]() At under $19.52 per square foot, CVS is paying well below the current market rent of $25.75 providing strong real estate fundamentals. There are a total of four 5-year options remaining on the lease. CVS has been operating successfully at this location for over 27 years and has renewed each of its first two option periods at escalated rents. Pharma Property Group is pleased to market for sale the CVS property located at 4840 Marlboro Pike in Capitol Heights, Maryland ("The Property").ĬVS has just over 3 years remaining on the initial term with a rental increase of 4.8% coming at the next option in November of 2026.
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