Lakewood, WA Retail Property For Sale

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Retail for Sale

Lakewood, WA 98499

Location, Location, right on Tacoma Way across street from Casino Huge lot size. Plenty of parking and great business exposure. good solid income, potential for builders, Developers too. there are two building with one parcel number. buyer to verify all the information.

Retail for Sale

Lakewood, WA 98499

We have been exclusively selected to market for sale Bridgeport Oaks Retail Center located in the affluent Seattle/Tacoma MSA. The Property is currently occupied with a diverse mix of service based tenants including H&R Block, Top Quality Cleaners, I PHO, Yes Nails & Wax and Center for Independence. All tenants at the Property currently operate on NNN leases allowing for reimbursement of nearly all expenses including management fee which provides a hedge against rising operating expenses. In 2025, the future owner will have the opportunity to increase Center for Independence rent to market to market rents, which is estimated to increase NOI by at least $15,000/year. All six leases feature annual rent increases during their initial lease terms. The Property features a total of six tenants, two of which recently extended their leases by 3 years with 3% annual rent increases. The Property was built in 2001 and renovated in 2010 and features high-quality construction. The Property benefits from a population of over 269,000 residents within a 5-mile radius, with average household incomes exceeding $84,000. Within a 1-mile radius, the population has grown by over 19% since 2010 and is projected to increase by another 3.3% in the next 5 years. The Lakewood/University Place, WA submarket rents have increased by a cumulative 15.3% over the past three years. With a vacancy rate of 3.1% and zero square feet of new retail space currently under construction, the development lull creates a high barrier to entry and demand for space remains high.

Retail for Sale

Lakewood, WA 98499

Sale Price: $1,700,000

Two Parcels Totaling 31,537 SF

310 Ft of Frontage on Pacific HWY SW

City of Lakewood Transit Oriented Commercial (TOC) Zoning

APN 0219122118: 4,720 SF Automotive Building on 10,337 SF Lot

6 Grade Level Roll Up Doors

Minimal Office

APN 0219122005: 5,381 SF Retail/Flex Building on 21,200 SF Lot

2 Grade Level Roll Up Doors

975 SF Apartment, 528 SF Office

Month-to-Month Tenants

Retail for Sale

Lakewood, WA 98499

Presenting a fully occupied investment prospect, this property offers a unique opportunity to expand your portfolio with a 3 unit retail strip! Anchored by two well-established restaurants and a smoke shop., The property is situated on the bustling Pacific Highway, ensuring high visibility and traffic. The site benefits from parking visibility and potential for higher rents enhances its value-add potential. All units are under triple net leases (NNN) ensuring tenants are responsible or expenses. Located in an area experiencing growth, this property represents a dynamic investment for some one looking to add to their portfolio. Sale includes two tax parcels. 5 year leases with 3% annual bumps! *DISCRETION ADVISED Do not disturb tenants

Retail for Sale

Lakewood, WA 98499

Ideally located building located on busy 74th St. W, and close to Meadow Park Golf Course. Three grade level doors offer multiple access points to the inside of the building with a fenced-in and secured

parking areas. This building is very clean inside with wide open areas and 15’ ceiling height. Also, plenty of secure parking available in and around the building as well. Zoning is NC-2, City of Lakewood which allows

many commercial uses including but not limited to furniture and appliance sales, general retail, small scale manufacturing, office and professional services, small craft distillery and many more.

Retail for Sale

Lakewood, WA 98498

Located across from JBLM Madigan Gate, this restaurant has enjoyed over two decades of successful partnership with the families and service members of JBLM and the surrounding community. The location and business are now available for you to build on that long-standing success. Don't miss your chance to step into your business ownership dreams.

Retail for Sale

Lakewood, WA 98499

• Standalone retail building with strong history

• Could be used by ownership or a leased investment opportunity

• Currently leased on a 90-day notice to vacate upon sale

• Open floor plan or redevelopment options

• Loading and parking at back of building

• Great exposure with storefront frontage on South Tacoma Way

• Would make a great car sales location

Land for Sale

Lakewood, WA 98499

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