Properties Available

SOLD: Single Tenant NNN Leased Investment

3,000 Sqft - 1430 72nd Street E, Tacoma, WA

Property Description

SOLD 6/06/2021 for $1,855,000

Blake Federinko, Brandi Ho & Mike Jenkins represented the seller

MAJ Commercial Real Estate is pleased to present the opportunity to acquire a Single Tenant Net Leased Investment located in Tacoma, WA. The property is leased to 7-Eleven on a 15-Year NNN Lease with approx. 9-Years remaining on the initial term. The property is positioned on a Big Lots/Grocery Outlet Pad Site in a high barrier to entry location. 7-Eleven is located just E of I-5 that obtains +164,000 Vehicles Per Day. The property is located just minutes away from Tacoma South Center and Tacoma Place, a couple of Tacoma, WA premier shopping destinations. With dense affluent demographics, this property is also surrounded by business such as Fred Meyer, Taco Bell, Burger King, O’Reilly Auto Parts, Safeway and much more.

Basic Details
Property Type : Retail
Listing Type : Sold/Leased
Price : $1,975,000
Bldg Size : 3,000 Sqft
Lot Area : 8,059 Sqft
Year Built : 2014
Listing ID : 1402
Lease Type : NNN
Cap Rate : 5.63%
NOI : $111,200.00
Retail Sold/Leased
  • Listing ID : 1402
  • Bldg Size : 3,000 Sqft
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