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Walgreens
Low Rent Walgreens in Puget Sound
Listing Contacts
License: OR 201209212, WA 104283
License: OR 201103077, WA 113855
Active
Asking Price: $2,877,000
Address
8405 Pacific Ave, Tacoma, WA 98444
Show on MapDate Added
Jun 5, 2024
Days on Market
282 days
Time Since Last Update
69 days
Details
Property TypeRetail
SubtypePharmacy/Drug
Investment TypeNet Lease
Lease TypeNNN
Tenant CreditCredit Rated, Corporate Guarantee
TenancySingle
Brand/TenantWalgreens
Lease Term33.3 years
Lease Commencement05/02/1997
Lease Expiration07/31/2030
Remaining Term5.4 years
Square Footage14,168
Price/Sq Ft$203.06
Cap Rate9.00%
Occupancy100%
NOI$258,947
Year Built1997
ZoningC-2
Lot Size (acres)1.46
Parking (spaces)72
Rent BumpsNo
Broker Co-OpYes
APN9704201188
Lease OptionsSix 5-Year Options
Ground LeaseNo
OwnershipFee Simple
Sale Condition1031 exchange
Marketing Description
Low Rent Walgreens - $18.28/Sq Ft
10 Year Extension Exercised in 2020
New 20-YR Roof Installed in 2020
Oversized 1.46 Acre Parcel
Brand New 80-Unit Apartment Complex Next Door
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$258,947.00
$21,578.92/mo
Valuation Metrics
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0
DSCR
9%
Cap Rate
9%
ROI
Property History
| Date | Event | Document | Price | Price/SF | Sold By | Sold To | ||
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Due Diligence
Listing Contacts
- License: OR 201209212, WA 104283
- License: OR 201103077, WA 113855
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Broker Information
Broker Information
Broker Name
Lance Sasser
Broker License
WA 104283
Brokerage Name
Kidder Mathews
Broker Title
Senior Vice President
Brokerage Address
1201 Pacific Avenue, Tacoma, United States 98402
Broker Name
Peter Dunn
Broker License
WA 113855
Brokerage Name
Kidder Mathews
Broker Title
Senior Vice President
Brokerage Address
1201 Pacific Avenue, Tacoma, United States 98402
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