Dollar Tree NNN Property For Sale — Fife, WA
1414 54th Ave E, Fife, WA 98424
This well-located retail center offers a compelling investment opportunity in Fife, Washington. Situated on 4.33 acres at a prominent intersection, the property has significant redevelopment potential and is priced below replacement cost. The center boasts excellent visibility and exposure, benefiting from its strategic location. This offering allows for immediate partial redevelopment or lease-up to stabilization, with future potential for mixed-use development at a strong I-5 interchange and proximity to the Port of Tacoma. The property is currently 54% occupied, presenting a clear path to increase cash flow through lease stabilization.
- Address: 1414 54th Ave E, Fife, WA 98424
- Asking price $8.50M
- 7.22% cap rate
- NOI $613,665
- 0.6 years remaining
- NNN lease
- Year built: 1962
- Building size: 47,726 SF
- Lot size: 4.33 acres
- Lease expiration: Mar 31, 2027
- Rent increases: Three, 5-year options with rent increases to $11.50 and $12.50 PSF
- Guarantor: Corporate
Location
This Dollar Tree property is at 1414 54th Ave E in Fife, Washington.
Asset type: Retail