For Sale
$2,877,000
8405 Pacific AveTacoma, WA 98444
High-yield, NNN-leased pharmacy. Strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 120
Highlights
- Fee-simple Walgreens in Tacoma, WA on a 1.46-acre lot.
- 14,168 SF building with 72 parking spaces, built in 1997, C-2 zoning.
- 100% occupied by Walgreens under a NNN lease with corporate guarantee; approx. 5.7 years remaining, six 5-year options.
- Asking price: $2,877,000 ($203.06/SF), 9.00% cap rate based on $258,947 NOI.
- New roof (2020), 10-year lease extension (2020), adjacent to a new 80-unit apartment complex.
Property Details for 8405 Pacific Ave
- Property type
- Retail properties, Drug stores
- Square Feet
- 14,168 SF
- Year Built
- 1997
- Lot Size (sq. ft)
- 63,598 SF
Location Insight
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Latitude
- 47.1802912
- Longitude
- -122.4334786
8405 Pacific Ave, Tacoma, Washington
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, NNN-leased pharmacy. Strong tenant.
- Where is the retail property located?
- The property is located at 8405 Pacific Ave Tacoma, WA.
- What is the asking price?
- The asking price for this property is $2,877,000.
- What are key features of this property?
- This property features: Fee-simple Walgreens in Tacoma, WA on a 1.46-acre lot.; 14,168 SF building with 72 parking spaces, built in 1997, C-2 zoning.; 100% occupied by Walgreens under a NNN lease with corporate guarantee; approx. 5.7 years remaining, six 5-year options.
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