LISTING DETAILS

3720 Pacific Ave SE

3720 Pacific Ave SE Olympia WA 98501

Listing #: 687895 | Status: Available | Last Modified: 10/9/2024

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Retail Asset Class Info
Crane Tonnage	0

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	1
Total Building SF	3,832 SF
Net Rentable Area	3,832 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	16,481 SF
Acres	0.38
Year Built	1971
Construction Type	Concrete, Wood

Property Type
Property Type	Retail
Investment	Yes

Location
County	Thurston
Market Area	Olympia
Tax ID #	65103001000
Zoning	HDC-4

Corona's Taqueria Y Mas

Public Comments

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

Public Building Comments

Great retail location on busy Pacific Ave SE. Next to busy Mexican Restaurant. Perfect for a Vape shop, wireless provider or?

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Mixed-Use

3720 Pacific Ave SE
3720 Pacific Ave SE Olympia WA 98501

Listing #: 687895 | Status: Available | Listing Date: 10/8/2024 | Last Modified: 10/9/2024 | Email Listing

For Sale

3720 Pacific Ave SE

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