6610 Tacoma Mall Blvd
Tacoma, WA 98409
La-Z-Boy Furniture Galleries · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located in Seattle MSA - High Density Market - This store has over 312,191 residents within a 5-mile radius.
- Brand New 2021 Store Remodel including New Roof - Landlord replaced the roof last summer which includes a 20-year warranty.
- Strong Operating History and Recession Resistant Tenant - La-Z-Boy has been serving its clients since 1927 and has experienced many economic cycles
- 8 Years Remaining with a 10% Bump in 3 Years - La-Z-Boy has 8 years remaining on the lease with four, 5-year extension options and 10% rental increase
- Corporate Guaranty From Publicly Traded Company - La-Z-Boy Incorporated (NYSE: “LZB”) is a publicly traded company with $1.7 billion in revenue spanni
- Rent / SF is Below Market with Room for Growth - La-Z-Boy is currently paying $20.25 / sq. ft, which is slightly below market for comparable propertie
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
22,080 SF
Building Class
B
Year Built/Renovated
1992/2021
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.34
Lot Size
1.51 AC
Zoning
C2 - Neighborhood Commercial
Parking
34 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
170’ on Tacoma Mall Blvd
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 032030-5001 | Improvements Assessment | $3,284,900 |
| Land Assessment | $2,031,000 | Total Assessment | $5,315,900 |
