2401 N Pearl St - Storefront FOR SALE
Tacoma, WA 98406 |
$5,055,000 USD
206-518-9567
2401 N Pearl St
Tacoma, WA 98406
HIGHLIGHTS
- Big Lots rent is $7/SF/Year, providing future rental upside if the investor were to get the space back from Big Lots
- The $117/SF offering price is significantly below replacement cost
- Historically and presently one of the top performing Big Lots in the region. This location is not on the store closure list
- Significant Access, Frontage and Visibility - Big Lots benefits from excellent access and visibility on the highly trafficked Pearl Street
- Single Tenant asset with minimal Landlord obligations
- Big Lots anchors Westgate South Shopping Center with strong adjacent tenancy of Planet Fitness, Starbucks, McDonald’s, and MOD Pizza
OVERVIEW
The Offering is a 43,327 SF single tenant Big Lots located in the Westgate South Shopping Center. The Offering benefits from a below market rent, low price/SF, future upside, and an excellent location in a high income neighborhood retail corridor.
This Big Lots location has consistently been a top performing store and will be the only Big Lots located in Pierce County based on the announced store closures.
FOR SALE DETAILS
PRICE
$5,055,000 USD
PRICE/SF
$117 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
214
LAND DETAILS
LAND ACRES
3.95 AC
LAND SF
172,062 SF
ZONING
CCX
APN/PARCEL ID
704500-0371
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206-518-9567
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206-518-9567
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