1414-1418 E 72nd St E | Tacoma, WA 98404
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- LoopNet Team
1414-1418 E 72nd St E
Tacoma, WA 98404
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Center is anchored by Grocery Outlet with approximately 7 years of remaining lease term
- Big Lots has been located at the Center for over 20 years and recently expanded and signed a new 10-year lease in 2018
- The Center will trade at extremely attractive price per SF metrics well below replacement cost and land value
- The investment benefits from low anchor rents providing healthy tenants, future rental upside, and pricing below replacement cost
- The Center has been fully remodeled with upgrades including new roof, electrical, HVAC, parking lot and store fronts
- The Center is 100% leased with strong national tenants, which is a testament to the Center and location
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
116,865 SF
Building Class
C
Year Built/Renovated
1968/1998
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.32
Lot Size
8.48 AC
Zoning
CCX
Parking
410 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,749,000 | |
| Land Assessment | $5,829,100 | Total Assessment | $14,578,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,829,100
Improvements Assessment
$8,749,000
Total Assessment
$14,578,100
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