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.