Listed by Kidder Mathews Seattle
$7,260,000
Gateway Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 62,006
Cap Rate 8.5%
NOI $617,279
Occupancy 100%
Tenancy Multi
Price per SqFt $117
Buildings 3
Acreage 4.860
Investment Type Value Add
Ground Lease No
Gateway Center | 8.25% CAP Shopping Center Investment | 100% Occupied With Low Rents
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire the Gateway Center in Shelton, Washington, a 100% occupied shopping center investment anchored by Department of Social & Health Services (DSHS) and Mason General Hospital. Both tenants have occupied the property for 20+ years, providing a strong foundation of consistent occupancy and dependable cash flow.
The average rental rate at the Gateway Center stands at an exceptionally low $13.42 psf – substantially below market averages – creating a compelling value-add opportunity through base rent increases and transitioning leases to NNN lease structures.
Investment highlights
- DSHS and Mason General Hospital have occupied the property for 20+ years
- Extremely low average rental rate of $13.42 psf, substantially below market average
- Huge value-add opportunity by raising rents and converting leases to NNN
- Priced at $128 psf, well below replacement cost and featuring 4.86 acres of land area
- Neighboring McDonald’s (NAP) is ranked in the 90th percentile per Placer.ai, providing strong consumer traffic and a high performing retail center, providing strong consumer traffic and draw to the Gateway Center
Listing Contacts
Listed by Kidder Mathews Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$617,279.00
$51,439.92/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 107 uses Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics
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