$ 10,990,000
111 S 38th ST Tacoma, WA 98418
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Listed by Kidder Mathews
$ 10,990,000
Est. payment /mo
Active
111 S 38th ST Tacoma, WA 98418
3.67 Acres Lot
UPDATED:
11/21/2024 08:10 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Tacoma
MLS Listing ID 2309863
Style 75 - Retail
Year Built 2003
Lot Size 3.671 Acres
Property Description
The Verger Team is 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.
Location
State WA
County Pierce
Area 54 - South Tacoma
Interior
Fireplace false
Building
Sewer Septic Tank
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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