United Pacific Retail | Value-Add Gas Station 4913 Lacey Blvd SE

Marcus & Millichap’s Brown Retail Group has been exclusively selected to market for sale United Pacific Retail in rapidly growing Lacey, WA. Attractive assumable financing is available, with the Seller's current loan fixed at a 4.59% interest rate until June, 2032 (contact listing agent for additional details). The property’s tenants are United Pacific (Apro LLC, 450+ gas station and convenience store locations across California, Oregon, Washington and Colorado), Milan Beauty Salon, and Liberty Tax. All of the tenants at the Property currently operate on NNN leases allowing for reimbursement of all expenses and providing a hedge against rising operating expenses. In
addition, a 5% management fee on the CAM expenses is collected as part of the tenants' CAM payments. All tenants have annual rent increases (United Pacific 2.5%/year, Milan Beauty Salon $50/month/year, Liberty Tax $100/month/year) and two feature below market rents with market rents achievable in the $20/SF - $24/SF + NNN range. Apro LLC operates a successful business at this location with strong C-store sales. The Property features a lot size of 0.80 acres between two tax parcels, and allows a new owner the option to expand at the end of the current tenants’ lease terms. The Liberty Tax lease includes a landlord termination right to allow for expansion. The Property features recent renovations including parking lot reseal/restripe, HVAC upgrades, exterior paint, and façade upgrades. There is no deferred maintenance. The Property is located directly on the corner of Lacey Blvd SE and Ruddell Rd SE Canyon Road with visibility to over 30,000 VPD and is ranked in the top 25% for gas station / C-store visits in Washington State (per placer.ai). The population in Lacey, Washington has grown by over 35% since 2010 and is projected to increase by another 5% in the next 5 years, with average household incomes exceeding $96,000 within a 5-mile radius of the property.