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1000 Town Center Rd NE
Browns Point, WA 98422 Northeast Tacoma

Price Upon Request

Storefront For Sale  •  39,006 SF

Property Details

  • Property Type Storefront
  • Total Building Size 39,006 SF
  • Lot Size 3.22 AC
  • Building Class C
  • Year Built 1984
  • Tenancy Multiple
  • Zoning NC
0 Transit Score
45 Walk Score

Highlights

Immediate Value-Add Opportunity – Pro Forma 11.65% Cap Rate
Price Significantly Below Replacement Cost
Strong Leasing Momentum | Diverse, Service and Daily Needs Oriented Tenant Mix
121-Unit Senior Housing Redevelopment Fully Permitted
#1 Retail Market in 2024 | No Retail Competition
High Barrier to Entry Submarket with 3.1% Vacancy Rate & Strong Rent Growth

Major Tenants

Tenant SF Occupied Lease End Date
Browns Point Diner & Sand Bar 4/30/2020
Browns Point Dry Cleaners 2/28/2021
Browns Point Nail & Spa 12/31/2019
Lighthouse Market 2/28/2021

Amenities

  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Seattle-Tacoma International 37 min - 17.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 161
Type: Surface
Included in Rent: Yes