Walgreens NNN Property For Sale — Tacoma, WA
8405 Pacific Ave, Tacoma, WA 98408
This premier offering presents an opportunity to acquire a NNN Walgreens property located in Tacoma, WA. Constructed in 1997, the 14,168 SF building is situated on 1.46 acres at a prominent hard corner, benefitting from approximately 25,000 VPD. The property is surrounded by various retailers, services, and schools, contributing to consistent traffic. The lease structure features minimal landlord responsibilities, primarily limited to roof and structure. The tenant is responsible for property taxes, insurance, interior repairs and maintenance, HVAC, and utilities. A new roof was installed in 2020 with a 20-year guarantee. The current rental rate of $18.28/SF provides a compelling opportunity, set at a lower price per square foot compared to many market peers. The expansive 1.46-acre parce…
- Address: 8405 Pacific Ave, Tacoma, WA 98408
- Asking price $3.38M
- 7.65% cap rate
- NOI $258,947
- 3.9 years remaining
- NNN lease
- Year built: 1997
- Building size: 14,168 SF
- Lot size: 1.46 acres
- Lease expiration: Jul 31, 2030
- Rent increases: No rent increases mentioned in the provided data. The rent remains constant at $21,579 per month ($258,947 annually) across all option periods.
- Guarantor: Corporate
Location
This Walgreens property is at 8405 Pacific Ave in Tacoma, Washington.
Asset type: Retail