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111 S 38th St Tacoma WA 98418
Listing #: 689252 | Status: Available | Last Modified: 11/20/2024
Showing Instructions | |
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Call Listing Agent | No |
Use Discretion | No |
Detail Listing Information | |
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Min Total SF | 0 SF |
Max Total SF | 0 SF |
Lease Rate Low | $ 0.00 |
Lease Rate High | $ 0.00 |
Retail Information | |
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Signage | Signage on Building and Freestanding |
Anchor | 24 Hour Fitness |
Retail Asset Class Info | |
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Crane Tonnage | 0 |
Building Information | |
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Building Status | Existing |
# of Buildings | 1 |
# of Floors | 1 |
Total Building SF | 44,647 SF |
Net Rentable Area | 44,647 SF |
Total Office SF | 0 SF |
Largest Contiguous SF | 0 SF |
Lot SF | 159,865 SF |
Acres | 3.67 |
Year Built | 2003 |
Year Renovated | 2017 |
Property Type | |
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Property Type | Retail |
Office Type | Single Tenant |
Investment | Yes |
Location | |
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County | Pierce |
Market Area | Allenmore Medical District |
Tax ID # | 7470021611 |
Zoning | TAC |
VIEW_WITH_DISCRETION
We are pleased to present a rare opportunity to acquire a Corporate Leased Single-Tenant NNN 24-Hour Fitness with over 13 years remaining on the lease. In 2018, 24 Hour Fitness invested $3M in tenant improvements and recently waived their one-time right to an early termination, solidifying their long-term commitment to the property and showcasing their confidence in the location. Strategically located on S 38th St, Tacoma’s primary retail corridor, the property is surrounded by national retailers like Costco, Target, and Walgreens. Its proximity to major highways, including Hwy 16 and I-5, ensures high visibility and ease of access, positioning this asset for long-term success. Investment Highlights: - Corporate Guaranteed Lease: 24 Hour Fitness USA, Inc., a premier fitness chain with
Big Box
24 Hour Fitness
111 S 38th St Tacoma WA 98418
Listing #: 689252 | Status: Available | Listing Date: 11/11/2024 | Last Modified: 11/20/2024 | Email Listing