3102 6Th Ave Tacoma, WA 98406

This exceptional investment opportunity presents a thriving restaurant on Tacoma's bustling 6th Avenue, at 3102 6th Ave, in Pierce County, WA 98406. The property, encompassing a 6,000 square foot lot, features a single building with two units: a popular restaurant and an attached living space. The restaurant, El Balcon, benefits from a recently updated dining area and kitchen, creating a modern and inviting atmosphere for patrons. The attached living space provides additional rental income potential. Currently operating under a Net Lease (NNN) agreement with a single tenant, the lease has 4.5 years remaining, with a 4% year-over-year rent increase. The tenant is responsible for all utilities, minimizing landlord responsibilities. The tenant has also expressed interest in an early lease extension. The property boasts a 7.10% cap rate and is offered at an asking price of $1,445,000. Showings are by appointment only to allow for coordination with the tenant. A detailed financial breakdown is available upon request. This property offers a compelling blend of stability and growth potential, making it an attractive addition to any diversified real estate portfolio.