General Retail For Sale • 11,866 SF
100% occupied neighborhood center with little-to-no historical vacancy |
Hess Bakery & Deli and the German Pastry Shop have occupied 65% of the building for over 40 years |
Annual lift in base rent is provided by yearly CPI increases scheduled for all tenants |
Lease extensions recently executed for Marcus Anthony, Charisma School of Dance, and an extension currently being negotiated for Crossroads Counseling |
The Property is exposed to over 32,000 VPD between two heavily trafficked intersections, with additional daily foot traffic |
Joint Base Lewis-McChord is the third-largest employer in Washington with over 110,000 active-duty members |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Lakewood Station (Seattle - Tacoma/Lakewood - Sound Transit) | 5 min | - | 2.3 mi |
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) | 7 min | - | 4.0 mi |
Airport | Drive | Walk | Distance |
Seattle-Tacoma International | 45 min | - | 29.0 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 49 |
Type: | Surface |
Included in Rent: | Yes |