Tacoma, WA Retail Property For Sale

5,494 SF Freestanding Former Bank Building in Tacoma WA

30,000 SF Property w/ 40 Parking Spaces (1 ADA)

Zoning: CCX (Community Commercial Mixed Use)

The Property is Being Sold via a Modified Sealed Bid Process

Due Diligence can be Found in the Virtual Deal Room on the Auction Site

https://www.bankingcentersforsale.com/

To submit an offer, email the signed PSA (found in the Virtual Deal Room) to the listing broker by the bid due date.

BID DUE DATE IS 7/31/2023

Kidder Mathews is pleased to present the opportunity to acquire a Pawn 1 in Tacoma, a passive NNN investment property in the 3rd largest city in Washington State. The property is situated next to a high performing Fred Meyer Grocer and a recently constructed 134 unit apartment complex. Pawn 1 has been in business for over 43 years with 26 locations in Washington and Idaho. This opportunity features annual 2.50% rent increases and a NNN lease providing protection from inflation and a stable, passive investment opportunity.

Great South Tacoma commercial investment property with its own parking. The building is 2500 sq feet with the adjacent parking parcel containing 24 parking spaces. This area of South Tacoma is very vibrant with entertainment, dining and professional services. Plenty of on-street parking to boot.

Opportunity to acquire Century Theatres at The Shops at Point Ruston (the “Property”), a best-in-class theater located in Tacoma, Washington, just south of Seattle. The offering benefits from one mile of unobstructed Puget Sound waterfront making it one of the top waterfront retail destinations in the Pacific Northwest. In total, the Property consists of 35,561 SF and is 100% leased to Century Theatres, Inc. Century Theatres is operated by Cinemark, a leader in the motion picture exhibition industry with 490 theaters and 5,629 screens in the U.S. and Latin America. Furthermore, the luxury theater features Century's industry leading technology which focuses on providing customers with the best digital entertainment experience possible. The Property is part of the greater Point Ruston master-planned community encompassing 50 acres of publicly accessible parks, 60,000+ SF of office, and 1,800+ apartment and condominium units located just 10 minutes from downtown Tacoma.

Opportunity to acquire Building 8 at The Shops at Point Ruston (the “Property”), a best-in-class, multi-tenanted and stand-alone retail property in Tacoma, Washington, just south of Seattle. The offering benefits from one mile of unobstructed Puget Sound waterfront making it one of the top waterfront retail destinations in the Pacific Northwest. In total, the Property consists of 9,826 SF and is 100% leased to a diverse mix of boutiques, a prolific credit union, and a medical tenant. The Property is part of the greater Point Ruston master-planned community encompassing 50 acres of publicly accessible parks, 60,000+ SF of office, and 1,800+ apartment and condominium units located just 10 minutes from downtown Tacoma.

Own a piece of Tacoma History. This corner of N. 6th and N. K Street has amazing curb appeal and a great mixed-use configuration. The main floor is the neighborhood Laundromat, the upper floors are comprised 3 residential apartments, each are different and nicely sized. Off street parking behind the building. Addition square footage is in a large basement that is used as support and shop of Laundry tenant and the square footage is not reflected in the total square footage. Tenants pay all utilities. Close to the new rail system, Hospitals and dining.

Opportunity to acquire the retail condo interest in Village on Main at The Shops at Point Ruston (the

“Property”), a best-in-class mixed-use development featuring 200 luxury apartment units. The offering benefits from one mile of unobstructed Puget Sound waterfront making it one of the top waterfront retail destinations in the Pacific Northwest. In total, the Property consists of 16,672 SF and is 100% leased to a diverse mix of experiential retail users, boutiques, and financial service firms. The Property is part of the greater Point Ruston master-planned community encompassing 50 acres of publicly accessible parks, 60,000+ SF of office, and 1,800+ apartment and condominium units located just 10 minutes from downtown Tacoma.

• Large pylon signage with space for 4 tenants

• 13,000 CPD S Pine St

• 44,000 CPD S 38th St

• Moments away from S 38th St access to Interstate 5

Great Investment Opportunity. Adjacent house also for sale. Can be used for additional parking or housing. 2,445sq ft. retail/office space with high traffic and visibility. Possible owner financing available.

Excellent exposure from 6th Ave & S Alder St.

Great access and parking.

Located in downtown Tacoma (C-2 Zoning).

Great commuter route.

Highly visible pylon sign.

*Do not disturb tenants. Call listing broker for showing.

Office Size: 2,249 SF

Year Built: 1931/1995

Sale Price: $549,000

Lease Rate: Call broker

PROPERTY HIGHLIGHTS

• Currently occupied by Compass Real Estate (Available July 1, 2023)

• Buildout includes: 5 offices, 2 restrooms, kitchenette, storage, bullpen and reception area

• Upgraded finishes with ample natural light

• Perfect for owner/user - Move in ready

• Centrally located in the heart of downtown Tacoma

Owner User / Redevelopment:

Located in Hill Top Tacoma, this property provides an excellent retail downtown location with immediate access to all major freeways, Light Rail, and is located within blocks of St. Joseph Medical Center. Perfect opportunity for Owner User / Redevelopment:

Adjacent tax parcel ID# 2013210020 included in sale. Do not disturb tenant. No showings until mutual acceptance. Tenant is month to month.

Tax parcel ID# - 2013210030 and Tax parcel ID# - 2013210041 are also for sale. See Listing #38085366

The O'Reilly Auto Parts located at 2901 6th Ave Tacoma Washington is offered for sale for $2,500,000. Current 5.2% cap rate, 5.6% cap rate over the remaining lease term. O'Reilly Auto Parts recently extended their lease term through December 31, 2029 showing continued commitment to this site that the investment grade auto parts retailer has occupied since 1997. The offering includes a favorable corporate guaranteed NNN lease with minimal landlord responsibility (roof and structure). This is an opportunity with an investment grade credit tenant and long historical occupancy. Washington is a no Tax State.

Rare flex retail/warehouse building with an additional warehouse and small yard off busy Mildred St W. Great visibility with signage option.

Marketing Remarks

Retail/Office or Entertaiment activities. Wonderful location South Tacoma Way. This two-story building is 4,850 sf +/-. Two separate areas - Downstairs is great for a retail or professional space of many possibilities and upstairs offers office space, as well as an apartment area with a Bar and Kitchen areas. Possible Live/Work. Buyer to Verify. Bring your ideas.

Included in the sale are two buildings, a church of 19,000sf and a retail building of 6,300sf on four parcels totaling 35,439sf. Approx. 203 feet of exposure on 6th Ave.

Established Tavern with strong food sales included in sale of property. Additional tenant occupies 1/2 of property, with billboard income as well. Located in South Tacoma Auto Row. Great opportunity for owner/occupant buyer! DO NOT DISTURB TENANTS, SHOWINGS BY APPOINTMENT ONLY! PREFER TO SHOW BETWEEN 8 - 9:30 AM.

THE OFFERING provides the opportunity to acquire an absolute net Sonic Drive-In with 15 years remaining on their lease and operated by a preeminent multi-unit franchisee.​ The property benefits from high traffic exposure with frontage on a primary daily-needs arterial that connects directly to Hwy 512 and later I-5.​ A dense, high-earning residential base with average annual incomes of $155,000 lives within one half-mile of the property.​ Numerous schools are located in close proximity, including Pacific Lutheran University with 2900 students.​

The Proctor Property is on the corner of N. Proctor and 27th and includes the vacant lot next to it at 3810 N. Proctor. Parcels are 747501-2-180 and 747501-2-240. The building is 10,415sf and the land is 21,000sf. Please do not disturb the three tenants. Tax iD #: 7475012180; 7475012240

BUILDING A - $4.81M

BUILDING B - $4.14M

BUILDING C - $4.93M

COMFORT DENTAL (D)- $2M

SHELL (F) - $1.78M

The offering provides the opportunity to acquire Westgate South Shopping Center (“the Property”), a 90% occupied, 36,578-square-foot neighborhood retail center in growing Tacoma, Washington. The Property is occupied by a diverse mix of national and local tenants consisting of retail, medical, personal services, and fast casual dining options, with strong leasing momentum evidenced by four leases recently signed and one currently being finalized. The Property offers potential for upside through lease up of the existing vacancy, and individual parcel selloff if purchased together. The Property is comprised of five separately-parceled buildings that include a freestanding Shell, a freestanding Comfort Dental, and three retail strips each less than 12,000 square feet, which can be purchased individually or combined. The Property benefits from high traffic counts in excess of 23,000 VPD along Pearl Street, which connects directly to Hwy 16, and from increased draw to the trade area provided by shadow anchors Planet Fitness (NAP), Big Lots (NAP), and the neighboring Safeway.

Established Starbucks location since 2008

Current Lease Term: 3/1/23 - 2/28/28

Two Remaining Lease Extension Terms: 3/1/28 - 2/28/33 and 3/1/33 - 2/28/38

Price: $1,340,000

CAP Rate: 4%

Total Building Size:  30,053 SF

100% NNN leased (4 tenants)

End Cap Available Q1 2024  (or sublease earlier) - includes 7,651 SF retail / 3,571 flex

High Visibility, Hard Corner at So. 38th & So. Cedar St.

Rear Loading (dock & grade level) & Fenced Yard

Zoning: Urban Center Mixed Use (UCX STGPD)

High Density-Regional Growth Center & Opportunity Zone.

Lease Rate:  $15.00/SF, NNN

Purchase Price:  $6,500,000 ($216.28 SF)

Rare opportunity to own the commercial building with an business opportunity for Hamburger and Teriyaki Restaurant (currently open for Drive-thru and Pick-up only for Sales), Tremendous sales expected when you open the dining hall, Great opportunity for owner user or investment, Gem of South Tacoma Way, Excellent location (frontage to S tacoma Way) & great opportunity to own the well established business with free standing commercial building with plentiful parking spaces, Must see!!!

5,000 SF site (0.115 acres)

5,000 SF retail building

Open floor plan restaurant/retail space

Hood and kitchen improvement in place

Street signage available

High visibility off 6th Ave and S Oakes St

Call for pricing

The Offering is a 1,650 SF Shell gas station and car wash adjacent to the Westgate South Shopping Center, a 125K+ SF shopping center anchored by Big Lots and Planet Fitness. The property is positioned directly at the intersection of North Pearl Street and North 26th Street, a dynamic daily-needs trade area exposed to over 23,000 VPD and high-density surrounding residential. Shell Oil is a global oil and gas company with more than 25,000 locations worldwide and has occupied the property since construction in 1983. This Shell location is leased by PacWest Energy, who currently pays ~30% below-market ground rent at $96K, and has recently signed a lease extension through April 2033 with a 10% base rent increase in April 2028, increasing yield by 52 basis points.

One of two last pads available at the Frederickson Town Center. Co Tenants include MOD Pizza, IHOP, Olympic Sports and Spine, Valvoline, O'Reilly's Auto.

Iconic LeRoy Jewelers Building on highly sought after Broadway Ave. Potential Mixed-Use, Office or Retail. Tenant would consider staying and taking a smaller space on a mid to long-term lease at market rent. Tax iD #: 2005125000; 2009060070

Former Lincoln Hardware store. Close to Lincoln High School. New Senior apartment project going in next door, (78-units, opening October 2024). 6,750 sf building with fenced in yard. Total parcel size is 11,925/.27 acres. One grade level door off G Street. Zoned NCX, 45' height limit.