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20174440
20174439

2217 N Pearl St, Tacoma, WA 98406 For Sale

TC
WA WA 18739
West Coast Commercial Realty
West Coast Commercial Realty
Listed by West Coast Commercial Realty
Unpriced
664 days on market
Updated 14 days ago

2217 North Pearl St. at Westgate South

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 22,336
NOI $284,558
Tenancy Single
Brand/Tenant Planet Fitness
Lease Type Absolute NNN
Year Built 1989
Year Renovated 2018
Buildings 1
Stories 1
Acreage 1.895
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No

Retail | 22,336 SqFt

Marketing description

The offering is a 22,336 SF single tenant Planet Fitness located within the Westgate South Shopping Center in Tacoma, Washington. This opportunity benefits from a newly renewed lease with one of the largest Planet Fitness franchisees in the country. The property is 100% leased to an 80+ unit franchisee of Planet Fitness, one of the largest in the country. The building has been significantly upgraded with new HVAC, upgraded electrical, plumbing and gas, a new roof and more. The existing lease is well-positioned to provide for both stability and opportunity for the existing tenant, as well as stable income and a strong guarantor for the investor/landlord.

Contact Brokers for NDA and complete Offering Memorandum.

Investment highlights

The existing lease is well-positioned to provide for both stability and opportunity for the existing tenant, as well as stable income and a strong guarantor for the investor/landlord.

Listing Contacts

TC
WA WA 18739
West Coast Commercial Realty
West Coast Commercial Realty
Listed by West Coast Commercial Realty

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Loan Amount
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$284,557.54
$23,713.13/mo

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Additional Information

Name
Tiffini (Connell) Cox
License
WA 18739
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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