Premium Investment Opportunity
A fully occupied retail center with a stable, diverse mix of long-term tenants in one of Washington's fastest-growing markets.
Investment Summary
This 100% occupied retail center features a strong tenant roster including Pizza Hut, T-Mobile, and Lacey Liquor & Beverage. The property benefits from additional income via a T-Mobile cell tower lease with 10% rent increases every 5 years. Significant recent capital improvements include a new roof (2020), updated HVAC systems (2017), and a modernized fire panel (2025), ensuring minimal near-term capital expenditure for a new owner.
Asking Price
$3,195,683
Price / SF
$277.85
Cap Rate
6.50%
Building Size
11,502 SF
Lot Size
1.05 Acres
Year Built
1998
Location & Market Analysis
Explore the property's strategic location, visitor traffic, and surrounding demographics.
Property Gallery
Explore high-resolution images of the property and its tenants.