3720 Pacific Ave SE
Olympia WA 98501
3720 Pacific Ave SE
3720 Pacific Ave SE Olympia WA 98501
Listing #: 687895 | Status: Available | Last Modified: 10/9/2024 |
For Sale
- Phone:(206) 600-8500
- Email:Maggie.verger@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 946-9425
- Agent Email:kevin.verger@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 960,000.0
- $/SF$ 250.5
- Listing StatusAvailable
- Days on Market47
- Asset ClassRetail
- Terms
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3832
- Net Rentable Area3832
- Total Office SF
- Largest Contiguous SF
- Lot SF16481
- Acres0.38
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountyThurston
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaOlympia
- Tax ID #65103001000
- Additional Parcels
- ZoningHDC-4
- Year Built1971
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeConcrete, Wood
Corona's Taqueria Y Mas
We are pleased to present the opportunity to acquire Corona's Taqueria Y Mas, a Single-Tenant NNN investment in Olympia, Washington. The property is ideally located within Olympia's main daily needs corridor and benefits from it's location along Pacific Ave SE, with visibility to over 22,000 vehicles per day. Adjacent property to the East also available. LONG TERM COMMITMENT: The tenant recently exercised a 5-year lease with annual rent bumps demonstrating their commitment to the location. INFLATION PROTECTION: Future ownership will benefit from annual rent escalations of $350 with an average cap rate over the lease term of 8.16%. MINIMAL LANDLORD RESPONSIBILITY: The tenant operates on a NNN lease structure. HIGH TRAFFIC AREA: The property benefits from its location along Pacific Ave SE
Great retail location on busy Pacific Ave SE. Next to busy Mexican Restaurant. Perfect for a Vape shop, wireless provider or?
Mixed-Use
