Skip to main content

Shopping Strip

Lakewood Retail Center

11715 Bridgeport Way SW, Tacoma, WA 98499

Listing Price: $1,585,000

Cap Rate
7.75%
Gross SF
11,423
Rentable SF
11,423
Price/Gross SF
$138.76
Lot Size
1.03 acres
Year Built
1970

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Lakewood Retail Center strategically located in the rapidly growing Seattle-Tacoma MSA. The retail center features short-term tenants, which provides a value-add opportunity to reposition the property while collecting an income stream and/or allowing an owner/user to occupy one or more of the spaces at the Property. All tenants have strong historical occupancy and currently operate on modified gross leases which gives an investor the upside to convert to NNN leases. The Property is strategically located near main arterials with large pylon signage and excellent visibility. The area surrounding the Property is densely populated, with over 220,000 residents in a 5-mile radius. The population within 5-miles has grown nearly 14% since 2010 and is projected to increase by nearly 8% more in the next five years. The Property benefits from its proximity to I-5 (140,000+ VPD), Pacific Hwy S (12,000+ VPD), and Bridgeport Way (29,500+ VPD), with strong visibility from Bridgeport Way.

Investment Highlights

  • Value-Add or Owner/User Opportunity
  • Strong Historical Occupancy
  • Diverse, Service, and Daily Needs Oriented Tenant Mix
  • Dense Demographics / High-Growth Market
  • Strategic Location New Main Arterials
  • Absolute NNN Leasing Upside
  • Income Tax Free State

Exclusively Listed By

Shopping Strip

Lakewood Retail Center

Listing Price: $1,585,000

Cap Rate
7.75%
Gross SF
11,423
Rentable SF
11,423
Price/Gross SF
$138.76
Lot Size
1.03 acres
Year Built
1970

Investment Highlights

  • Value-Add or Owner/User Opportunity
  • Strong Historical Occupancy
  • Diverse, Service, and Daily Needs Oriented Tenant Mix
  • Dense Demographics / High-Growth Market
  • Strategic Location New Main Arterials
  • Absolute NNN Leasing Upside
  • Income Tax Free State

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Lakewood Retail Center strategically located in the rapidly growing Seattle-Tacoma MSA. The retail center features short-term tenants, which provides a value-add opportunity to reposition the property while collecting an income stream and/or allowing an owner/user to occupy one or more of the spaces at the Property. All tenants have strong historical occupancy and currently operate on modified gross leases which gives an investor the upside to convert to NNN leases. The Property is strategically located near main arterials with large pylon signage and excellent visibility. The area surrounding the Property is densely populated, with over 220,000 residents in a 5-mile radius. The population within 5-miles has grown nearly 14% since 2010 and is projected to increase by nearly 8% more in the next five years. The Property benefits from its proximity to I-5 (140,000+ VPD), Pacific Hwy S (12,000+ VPD), and Bridgeport Way (29,500+ VPD), with strong visibility from Bridgeport Way.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower